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Payment bond form to be used for bonds between design-builder and general contractor. Designed to be used with DBIA Contract 550 or 555.
DBIA’s Documents Task Force specifically tailored this bond form for design-build projects. It is part of a family of bond forms which is the only one endorsed by DBIA and the Surety & Fidelity Association of America (SFAA) and the National Association of Surety Bond Producers (NASBP).
Co-authored by designers, builders and the surety industry, these model documents increase consistency in the design and construction industry, making it easier for owners and practitioners to move forward on important projects.