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

This bill changes bonding requirements for public construction projects in Massachusetts. It allows construction managers at risk (CMAR) firms to use subcontractor default insurance instead of requiring performance and payment bonds from subcontractors on certain projects. The insurance must be obtained by the CMAR firm, not the subcontractors, and the project's use of insurance must be disclosed to bidders before bids are accepted. This affects public construction projects managed under the CMAR model, replacing a traditional bond requirement with an insurance alternative.