Surety identifies contractor to complete emergency building and meet town's contract terms

04/4/2012 |

Work is set to restart on an emergency-services building in a New York town. Work on the project, which is about 80% complete, stalled after the original contractor defaulted, causing the bonding company to look for a new company to finish the job. A performance bond is protecting the town from incurring additional costs because of the change in contractor, according to a town official.

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