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DTSTART:20180503T130000Z
DTEND:20180503T140000Z
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SUMMARY:The Bonds Seminar: What you need to know about Performance and Maintenance Bonds
DESCRIPTION:The Bonds Seminar: What you need to know about Performance and Maintenance Bonds\n\n \n\n~Thursday\, May 3\, 2018~\n\n                                  \n\nThe seminar will touch on these basics:\n\n \n\n	Method of Notice for reduction/releases\n	Time constraints for reduction/releases\n	30% reduction requirement\n	Process of releases of maintenance bonds Do you have to maintain escrows during maintenance? \n\n  \n\nThe new Performance Bond Law will also be discussed: \n\n \n\nIn January\, Governor Christie signed into law P.L.2017\, c.312.\, the performance bond legislation that was supported by the New Jersey Builders Association.   The law now requires performance bond escrowing for only those improvements that will be dedicated to a public entity\, with some exceptions. In addition\, the new law establishes a safety and stabilization bond\, and stream-lines the temporary certificate of occupancy process. Furthermore\, requests for additional inspection fees will have to be itemized and justified.\n\n\n\nSpeaker\n\nRobert M. Washburn\, Esq.\, Flaster/Greenberg PC\n\nBLSJ Legal Counsel
X-ALT-DESC;FMTTYPE=text/html:<span style="font-family:arial\;"><strong><span style="text-transform: uppercase\;"><span style="font-size: 18pt\;">The Bonds Seminar: What you need to know about Performance and Maintenance Bonds</span></span></strong></span><br />\n&nbsp\;<br />\n<span style="text-decoration:none\;text-underline:none\;"><span style="font-family:arial\,sans-serif\;"><span style="font-size:18.0pt\;">~Thursday\, May 3\, 2018~</span></span></span><br />\n&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;<br />\n<span style="font-size:14px\;"><span style="font-family: arial\;"><span style="color: black\;">The seminar will touch on these basics:</span></span></span><br />\n&nbsp\;\n<ul>\n	<li><span style="font-size:14px\;"><span style="font-family: arial\;"><span style="color: black\;">Method of Notice for reduction/releases</span></span></span></li>\n	<li><span style="font-size:14px\;"><span style="font-family: arial\;"><span style="color: black\;">Time constraints for reduction/releases</span></span></span></li>\n	<li><span style="font-size:14px\;"><span style="font-family: arial\;"><span style="color: black\;">30% reduction requirement</span></span></span></li>\n	<li><span style="font-size:14px\;"><span style="font-family: arial\;"><span style="color: black\;">Process of releases of maintenance bonds Do you have to maintain escrows during maintenance? </span></span></span></li>\n</ul>\n<span style="font-size:14px\;"><span style="font-family: arial\;"> &nbsp\;<br />\n<span style="color: black\;">The new Performance Bond Law will also be discussed: </span><br />\n&nbsp\;<br />\n<span style="color: black\;">In January\, Governor Christie signed into law P.L.2017\, c.312.\, the performance bond legislation that was supported by the New Jersey Builders Association.&nbsp\;&nbsp\; The law now requires performance bond escrowing for only those improvements that will be dedicated to a public entity\, with some exceptions. In addition\, the new law establishes a safety and stabilization bond\, and stream-lines the temporary certificate of occupancy process. Furthermore\, requests for additional inspection fees will have to be itemized and justified.</span><br />\n<br />\n<span style="color: black\;">Speaker<br />\nRobert M. Washburn\, Esq.\, Flaster/Greenberg PC</span><br />\n<span style="color: black\;">BLSJ Legal Counsel</span></span></span><br />\n<br />\n&nbsp\;
LOCATION:Builders League of South Jersey 114 Haddontowne Court Cherry Hill\, NJ 08034
UID:e.9292.2974
SEQUENCE:3
DTSTAMP:20260407T224305Z
URL:https://members.blsj.com/events/details/the-bonds-seminar-what-you-need-to-know-about-performance-and-maintenance-bonds-2974
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