I talk about payment bonds often here at Construction Law Musings.  I talk a bit less about performance bonds and even less about the General Indemnity Agreements (GIA) that are signed by companies and their principals as part of the agreement between a construction company and its bonding company for the provision of these bonds.  However, this does not mean that these GIA’s are not important.  In fact, these are the agreements that allow a bonding provider to recoup any money paid out pursuant to either a payment or performance bond. Continue Reading