Image courtesy of Flickr (Licensed) by © Mike Licht, NotionsCapital.com
Image courtesy of Flickr (Licensed) by © mark6mauno.

That Public Works Project you are bidding may not be bonded after all.  Under Texas Law, state and local projects with a price tag of $25,000 or more are required to be bonded.  Apparently, at least one Texas municipality has decided to save money and eliminate the bonding requirement from one of its projects.  This is a clear violation of law that places huge risks on the backs of subcontractors in the event their prime contractors experience a financial collapse.

According to an August 30, 2014 article in the Kilgore News Herald,
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