Tri-Town Board of Water Commissioners v. Centennial Insurance Co. et al

Written By Erin McDonough

Water District’s case against surety for earned and unearned balances.

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Issue

Did the Water Commissioners waive its rights to recover under a performance bond after a contractor abandoned work?

 
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Challenge

The performance bond issued by the surety included certain notice and other pre-filing requirements that the surety argued the Water District had failed to comply with.

 
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Outcome

Settled case for Water District against surety at full value, resulting in the District’s retention of all earned and unearned contract balances, along with a $425,000 payment by the surety.

Erin McDonough
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