Payment and Performance Surety Bonds in Construction Projects: Perspectives of Owners, Contractors and Sureties

Asserting and Defending Surety Bond Claims and Exploring a Cost Effective Alternative to Protect Rights or Maximize Recovery

Recording of a 90-minute CLE webinar with Q&A

Conducted on Tuesday, August 5, 2014

Recorded event now available

or call 1-800-926-7926
Program Materials

This CLE webinar will provide construction counsel with a review of payment and performance bond coverage issues. The panel will outline key aspects of bond disputes and discuss best practices to maximize recovery and protect interests in disputes.

Description

Payment and performance bonds are critical risk management tools for construction project owners and contractors to guarantee payment and performance by various stakeholders when economic risks jeopardize timely and on-budget completion.

While surety bonds reduce risks inherent in construction projects generally, they are particularly critical in the current economic climate due to heightened risks of contractor default and owner financial difficulties.

Construction law practitioners must understand the complicated issues that can arise when a party makes a claim under a surety bond in order to avoid costly traps and pitfalls.

Listen as our authoritative panel of construction attorneys examines surety bond coverage issues and disputes, and identifies common traps and pitfalls to avoid in asserting or defending surety bond claims.

READ MORE

Outline

  1. Payment bond coverage issues and common disputes
    1. Private vs. Miller Act bonds
    2. Parties and work qualifying for coverage
    3. Recovery for extra work, delay damages, profits etc.
    4. Surety obligations and defenses
  2. Performance bond coverage issues and common disputes
    1. Declaration of default and surety options
    2. Covered claims
    3. Surety defenses to owner’s claims on the bond
    4. Owner’s claims against the surety
  3. Best practices for maximizing recovery and protecting interests

Benefits

The panel will review these and other key questions:

  • What protections do payment and performance bonds provide various stakeholders in the project?
  • What are some of the more common pitfalls in making claims against surety bonds?
  • What lessons can counsel learn from recent case law to preserve and protect bond claim rights?

Faculty

Michele Leo Hintson, Esq.
Michele Leo Hintson, Esq.
Partner
Schumaker Loop & Kendrick

Ms. Hintson has over a decade of experience handling a wide variety of disputes, including those involving payment and...  |  Read More

Christopher L. McCloskey
Christopher L. McCloskey
Partner
Bricker & Eckler

Mr. McCloskey focuses his practice on construction-related contracting and disputes, as well as general business and...  |  Read More

Other Formats
— Anytime, Anywhere

Strafford will process CLE credit for one person on each recording. All formats include program handouts. To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Audio

$297

Download

$297