Tuesday, August 25, 2015

Claims against a Payment Bond – It can be Tricky

Making a claim against a payment bond can be a tricky thing. As a contractor, you do not want to make the claim too early as the subcontractor may cry foul.  Also, the claim must be documented and you want to follow the steps to protect yourself.See more at the article below.See our WordPress page here.See our Facebook page here.http://www.natlawreview.com/article/making-claim-against-payment-bond-posted-general-contractor-or-sub-contractorMaking a Claim against a Payment Bond Posted by a General Contractor or Sub-ContractorMonday, August 24, 2015 In construction projects that are performed either on behalf of a municipality or a state agency, a general contractor and potentially a sub-contractor are typically required to post payment and/or performance bonds with the county or municipality. A general contractor or sub-contractor is required to post a payment and/or performance bond, because this ensures that sub-contractors or suppliers are paid, and enables the Township or state

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