H1103 • 2025

An Act relative to default insurance programs for certain public construction projects

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor: Daniel Cahill
Last action: 2026-01-15
Official status: Accompanied a study order, see H4931
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

An Act relative to default insurance programs for certain public construction projects

An Act relative to default insurance programs for certain public construction projects By Representative Cahill of Lynn, a petition (accompanied by bill, House, No.

What This Bill Does

An Act relative to default insurance programs for certain public construction projects By Representative Cahill of Lynn, a petition (accompanied by bill, House, No.
1103) of Daniel Cahill relative to trade contracts secured by performance and payment bonds.
Financial Services.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-01-15 House
Accompanied a study order, see H4931
2025-10-27 Joint
Hearing scheduled for 11/04/2025 from 10:30 AM-01:30 PM in A-2
2025-02-27 House
Referred to the committee on Financial Services
2025-02-27 Senate
Senate concurred

Official Summary Text

An Act relative to default insurance programs for certain public construction projects
By Representative Cahill of Lynn, a petition (accompanied by bill, House, No. 1103) of Daniel Cahill relative to trade contracts secured by performance and payment bonds. Financial Services.

Current Bill Text

Read the full stored bill text

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Bill H.1103

Section 1. Section 8 (a) of Chapter 149A of the General Laws as appearing in the 2018 Official Edition is hereby amended by striking out paragraph 2 and inserting in place thereof the following new paragraph:-

All trade contracts entered into in accordance with this chapter shall be secured by performance and payment bonds in the full amount of the trade contract from a surety company licensed to do business in the commonwealth and whose name appears on United States Treasury Department Circular 570; provided that the bonds are subject to subsection (3) of section 44F of chapter 149 except for those subcontracts subject to a subcontractor default insurance policy obtained by the construction management at risk firm. The construction manager at risk firm to obtain a subcontractor default insurance policy in lieu of the requirement that all trade contractors obtain payment and performance bonds. The intention to use a subcontractor default insurance policy shall be made known by the awarding authority and construction manager at risk firm prior to the receipt of trade contractor bids pursuant to subsection (g) of this section.

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