Arizona Bond to Secure against Defects in Construction
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How to fill out Bond To Secure Against Defects In Construction?
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FAQ
Arizona also has laws specifically for new builds that allows homeowners to pursue claims for any defects in the new build for up to 8 years. There is even an additional year if the defect is not found until the eighth year after the homeowner takes possession of the home.
Under Arizona's Purchaser Dwelling Act (PDA), a purchaser of a residence is barred from filing a construction defect lawsuit until the purchaser gives the seller ? including residential contractors ? reasonable notice of the alleged defects and an opportunity to cure them.
Yes?sometimes called warranty bonds, a maintenance bond is a type of surety bond that protects the owner of a completed construction project for a specified time period against faults and defects in workmanship, materials, and design that could arise later if the work was done incorrectly.
Each individual state warranty is crafted to meet that state's statutes regarding builders' structural warranties. In Arizona, the statute is 8 years so our Arizona Customized State Warranty includes a 8-year term for structural coverage.
A homeowner has up to eight years after a project has been substantially completed to file a construction defect claim. See A.R.S. § 12-552. However, if the defect is discovered during the eighth year after completion, the claim may be made within the ninth year after the project has been substantially completed.
Generally speaking, though, contractors should aim to finish their projects within an acceptable time frame from the beginning of the contract. This typically ranges from 1-3 weeks for smaller residential jobs up to 10?12 weeks for larger ones.
A workmanship warranty is a legally binding agreement between a contractor and a client that guarantees the quality of the contractor's work. It spells out the duration of the warranty, what is covered, and what is not.
How long is a contractor liable for work in Arizona? In Arizona, contractors are liable for their work for up to eight years from the project's completion date. The statute of limitations for filing a claim against a contractor in Arizona is two years from the discovery of the defect.
