Management & Operations

FTA: Performance and payment bonds not required

Posted on January 30, 2004

The Federal Transit Administration (FTA) has issued a Dear Colleague letter emphasizing that performance and payment bonds are not required in federally-assisted procurements, especially of rolling stock. In the letter, FTA Administrator Jenna Dorn states that high bond pricing and limited availability can negatively impact the bottom line of transit systems and their suppliers. "I challenge each of you to carefully assess the risk involved in any given procurement and carefully balance those risks against the cost and competitive impacts of bonding requirements," Dorn wrote.

View comments or post a comment on this story. (0 Comments)

More News

LA Metro taps Parsons to modernize RIITS communications

Provides transportation operations a consolidated, data-rich, and near real-time source of information for transportation in Southern California via an interface that allows for coordinated transportation management throughout the region.

NJ Transit reinstates MCI Commuter Coach order

In July 2016, New Jersey Gov. Chris Christie had issued Executive Order No. 210 directing the immediate and orderly shutdown of all ongoing work funded under the TTFA.

New transit planning group director joins HNTB

Steven Greene will be responsible for the development and support of the firm’s expanding multimodal transit planning practice, focusing on transit and corridor studies.

President of McDonald Transit announces his retirement

Robert Babbitt will continue to stay involved in with the company, working as a consultant and helping ensure a smooth transition to new leadership.

Gannon appointed to permanent GM post for King County Metro

Gannon, 47, served as interim GM from March 2016 until now. He was Metro Deputy GM from 2013-2016, and Human Resources manager for the King County DOT from 2011-2013.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment


Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close