Surety: No Liability For $3.17M In Remediation Costs For Subcontractor’s Work

Mealey's (December 13, 2019, 3:33 PM EST) -- BOSTON — A surety on Dec. 3 tells a Massachusetts federal court that it has no liability under a performance bond for $3.17 million in remediation costs for noncompliant subcontractor work because a contractor failed to comply with the bond’s “express and unambiguous conditions precedent” (Arch Insurance Co. v. The Graphic Builders LLC, No. 19-12445, D. Mass.)....

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