That is your response when someone threatens to “bond around” you. Why? Because whether it is a mechanics’ lien or a stop notice, the bond becomes your personal piggy bank to crack open when you prevail on your claim. It is substituted for the cash being held under your stop notice, with the fund and “your cash” being subject to pro-rata claims by other stop notice claimants or the property, which is likewise subject to the claims of other mechanics’ lien claimants also on a pro-rata basis, where the release bond is yours and yours alone. So, next time someone threatens to “bond around” you, respond “Great, I’ll drive you to the bonding company!”.
Let me know if you have any questions.
Robert