State Projects
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None | File a Verified Statement of Account at any time before the final settlement of the work. This will cause the public entity to withhold funds from the contractor until 90 days after final settlement of the work. If payment is not made voluntarily, a lawsuit to enforce the claim against these withheld funds is required before the 90 day period. To make a claim against the bond itself, no specific notice is required, but a lawsuit must be filed to enforce the claim within 6 months from the completion of the public work. It's a good practice to send a notice of claim to the bonding company anyhow, as this would initiate the claim process and may eliminate the need to file litigation. |
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None | File a Verified Statement of Account at any time before the final settlement of the work. This will cause the public entity to withhold funds from the contractor until 90 days after final settlement of the work. If payment is not made voluntarily, a lawsuit to enforce the claim against these withheld funds is required before the 90 day period. To make a claim against the bond itself, no specific notice is required, but a lawsuit must be filed to enforce the claim within 6 months from the completion of the public work. It's a good practice to send a notice of claim to the bonding company anyhow, as this would initiate the claim process and may eliminate the need to file litigation. |










