Performance, and Labour and Materials Payment Bonds – Avoiding the Pitfalls of the Surety’s Defences to a Bond Claim
The comfort provided by a surety bond can be lost easily if one does not cross one’s T’s and dot one’s I’s. However, by being aware of the defences most often raised by sureties you can chart a course that reduces the likelihood that the surety bond ends up as nothing more than a souvenir of a construction project gone wrong. [more] Full article