WASA Wins Court Battle Over TT$2.5 Million Performance Bond
Legal
Business
July 29, 2026
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The Water and Sewerage Authority (WASA) has won a Court of Appeal victory against Bankers Insurance Company Limited over a TT$2.5 million performance bond tied to the failed San Fernando East Trunk Sewer project.
The dispute stemmed from a $25.4 million sewer rehabilitation project awarded in 2012, in which the contractors failed to complete the works within the required 180-day period and remained in default months after the deadline.
Bankers Insurance argued that WASA had not proven when the contract began and claimed the bond covered only obligations under the tender documents.
Legal
Business
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