MEMBER ALERT!

The City of Cleveland, Ohio recently revised its ordinance with regard to code violations. The bond form has not changed but the revised ordinance now stipulates that a 90 day abandonment of a project constitutes a code violation thus a claim can be made on the bond. In addition, the City of Cleveland increased the bond penalty to $25,000.

MEMBER ALERT!

The City of Bedford, Ohio recently changed its Contractor Bond form (Co 1303.08). First, it has implemented performance obligation language. Second, it has increased the bond penalty to $25,000. Third, though an expiring bond, Bedford will not except cancellation notices. Lastly, language has been instituted detailing the need for the timely completion of work. A copy of Bedford's bond form may be downloaded here.

The Surety Association of Ohio’s Member Alert Bulletin is for informational purposes only. It is expressly the sole responsibility of the individual member companies to determine the liabilities associated with any legislative changes, if any, and whether to implement different underwriting standards/criteria.