
The heart of the problem is the idea of a "green" surety bond. Come 2012, building projects in Washington, D.C., are supposed to achieve specific green building standards.
But companies that issue surety bonds -- which are key risk-mitigation tools in the construction field -- are wary of bonding a project that guarantees energy efficiencies are requires third-party certification, as most green building projects do. Surety bonds are basically three-party agreements that ensure projects are completed to meet the requirements spelled out in a contract.
To dig deeper into the issue, the Surety Bonds Education Center recently spoke with Chris Cheatham, a Washington, D.C., construction attorney, LEED accredited professional and green building expert.
Cheatham keeps close watch of green developments at his blog, Green Building Law Update.
You can listen to the Q-and-A with Chris Cheatham here.

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