Construction Payment Bonds
There are three basic types of surety bonds that are commonly used on construction projects: bid bonds, payment bonds and performance bonds. On most federal, state and local public projects the contractor is statutorily required to provide the owner with some combination of one or more of these three bonds. In this article, the authors discuss the process of establishing and enforcing payment bond claims under Nebraska law.
Neb. Law., Apr. 2006, at 34.
McClure, David and Dirrim, Craig C., "Construction Payment Bonds" (2006). Scholarly Works. Paper 608.