Issues Involving Surety for Public Transportation Projects

TRB’s Transit Cooperative Research Program (TCRP) Legal Research Digest 40: Issues Involving Surety for Public Transportation Projects reviews applicable federal law, provides examples of state and local laws, and highlights industry practices related to surety.

The digest also examines surety issues and industry practices in various types of construction and other public transportation projects. The types of surety addressed by the report include performance, payment, and warranty bonds; letters of credit; and other instruments.