Mechanic's Liens and Surety Bonds in South Carolina

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The information on these pages is provided as a public service. Information contained in these pages is not intended as, and should not be taken as, legal advice. The use of the information provided in these pages should not be taken as establishing any contractual or other form of attorney-client relationship between anyone or any law firm and the reader or user of this information. A result achieved on behalf of one client in one matter does not necessarily indicate similar results can be obtained for other clients.

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This content is designed for general information only. The information presented shall not be construed to be formal legal advice nor the formation of a lawyer/client relationship.

If you have questions regarding mechanics liens or surety bonds in South Carolina you should seek the advice of a lawyer. Wall Templeton can be reached at 843-329-9500.

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Mechanic's Liens and Surety Bonds in South Carolina

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  9. 9. When a construction contract is awarded pursuant to Section 11-353020, the following bonds or security shall be delivered to the using agency and shall become binding on the parties upon the execution of the contract: (i) a performance bond satisfactory to the State, executed by a surety company meeting the criteria established by the board in regulations, or otherwise secured in a manner satisfactory to the State, in an amount equal to one hundred percent of the price specified in the contract; (ii) a payment bond satisfactory to the State, executed by a surety company meeting the criteria established by the board in regulations, or otherwise secured in a manner satisfactory to the State, for the protection of all persons supplying labor and material to the contractor or its subcontractors for the performance of the work specified in the contract. The bond shall be in an amount equal to one hundred percent of the contract price. (iii) in the case of a construction contract valued at fifty thousand dollars or less, the using agency may waive the requirements of (i) and (ii) above, provided that the using agency has protected the State. Page 9 www.WallTempleton.com
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  11. 11. Owner Bonded GC Sub. Sub Sub Supplier Supplier Supplier Page 11 Supplier Supplier www.WallTempleton.com
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  28. 28. Owner Bonded GC Sub. Sub Sub Supplier Supplier Supplier Page 28 Supplier Supplier www.WallTempleton.com
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  30. 30. Owner Bonded GC Sub. Sub Supplier Supplier Supplier Sub Supplier Page 30 Supplier www.WallTempleton.com
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  50. 50. Project Name Owner GC Date last Material Shipped Date notice of Furnishing Material Date Notice of Commence Date Building Permit Account Balance Okraberry at the The Ocean Co. Farm Happy GC 01/29/10 02/12/09 104247.78 Fairway Oaks & Ocean Breezes Happy GC 09/23/09 02/12/10 12863.62 Dept. of Social SC Dept. of ABC Builders Services Special Social Services Needs Center Midlands Center 08/02/09 02/04/10 01/22/09 10/15/08 20874.12 Hogbreath Island Shelbray Assoc., ABC Builders Island LP 01/09/10 02/04/10 11/13/08 10/29/08 43800.75 IGA Store 01/24/10 02/04/10 11/14/08 10/26/08 43460.85 08/30/09 02/04/10 11/14/08 10/26/08 15257.68 01/24/10 02/12/10 04/29/09 04/23/09 6608.06 IGAStore Teakwood Townhouses AC Development ABC Builders Club, LLC AC Development ABC Builders Club, LLC Seascape, LLC Happy GC Page 50 www.WallTempleton.com
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