The objectives of this research were to identify, analyze, and prioritize factors that affect the cost and availability of bonds and insurance on public highway construction contracts. The research provides an analysis of factors such as design and construction practices, contractor safety records, size and type of projects, environmental issues, legal climates, OSHA requirements, quality control, state and federal laws, and a number of other similar issues.
Research has been completed and the final report published as NCHRP Report 341, "Bond and Insurance Coverages for Highway Construction Contractors." The report provides a detailed examination and prioritization of these factors along with recommendations for actions that may relieve cost and availability problems. The recommendations apply to state, federal and local highway agencies, highway construction contractors, and the insurance and bonding industries.