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MA H1103

Bill

Official Source

Status

Introduced

2/27/2025

Primary Sponsor

Daniel Cahill

Click for details

Origin

House of Representatives

194th General Court

AI Summary

  • Amends Chapter 149A, Section 8(a) of the General Laws to modify bonding requirements for trade contracts on public construction projects
  • Allows construction manager at risk firms to obtain a subcontractor default insurance policy instead of requiring all trade contractors to obtain individual payment and performance bonds
  • Trade contracts must still be secured by performance and payment bonds in the full contract amount from a surety company listed on U.S. Treasury Department Circular 570, unless covered by subcontractor default insurance
  • Requires the awarding authority and construction manager at risk firm to disclose their intention to use subcontractor default insurance prior to receiving trade contractor bids

Legislative Description

Relative to default insurance programs for certain public construction projects

Last Action

Accompanied a study order, see H4931

1/15/2026

Committee Referrals

Financial Services2/27/2025

Full Bill Text

No bill text available