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Labor Supplier Not Protected By Bond Or Retainage Bonds-payment; Retainage

Thursday, October 02, 2003 05:37 pm

 
Labor Supplier Not Protected By Bond Or Retainage Bonds-payment; Retainage

A Washington court has ruled that a labor leasing company, or "professional employer organization"(PEO), was not protected by a payment bond or retainage held under a public works lien statute.

The Metropolitan Parks District of Tacoma awarded a contract to Caicos Corporation for restoration of a park. Caicos furnished payment and performance bonds issued by The Insurance Company of the West. Caicos then subcontracted the concrete work to MK Construction, Inc.

MK Construction entered into an agreement with Better Financial Solutions, Inc. (BFS) whereby the latter furnished t [...]

 
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