Working on Public Projects? Know Your Bond Rights!
Post date
July 15, 2022
Body
Alan B. Dailide, Frantz Ward
On July 7, 2022, the Ohio Facilities Construction Commission announced the approval of more than $307 million in state funding for five school construction projects. Combined with $151 million in local funding, these projects represent more than $458 million in public construction work. So, there is plenty of work coming up, but what if you have trouble getting paid? You cannot file a mechanic’s lien against public property, and attested account claims against state projects are limited to the contract proceeds remaining at the time you file. The answer is pursuit of a bond claim.