STATE NOT LIABLE TO TAKEOVER SURETY FOR SURRENDERING CONTRACT FUNDS TO IRS
publication date: Mar 2, 2009
A takeover surety goes after a state transportation department for releasing funds to the IRS on behalf of the defaulted contractor. A federal law protects the agency from the Catch-22 of paying the IRS or the tax payer/third party.
This page is available to members only.
To subscribe, click
here
Construction Claims Online Features and Benefits
Whether your role in the construction claims process is as a building owner, designer, contractor, facility manager, attorney or consultant, you will want to keep up with the latest developments in construction law, federal and state policy, construction process and best practices.
Whether you sign up for our free or paid content, Construction Claims Online provides information you need to achieve successful outcomes for project issues and your clients' best interests.
Avoid costly errors by understanding how the boards and courts look at typical disputes situations.
Achieve successful project outcomes.
Defend against unsubstantiated claims.
Reduce or eliminate risks.