October 23, 2012
This CLE webinar was hosted by Strafford Publications, Inc. and a preview of Ira M. Schulman's remarks can be heard complimentary.
This CLE webinar hosted by Strafford Publications, Inc. provides construction counsel and contractors with a review of payment and performance bond coverage issues. The panel discusses when subguard insurance can be an alternative, outline key aspects of bond disputes, and offer best practices to maximize recovery and protect interests in disputes.
Payment and performance bonds are critical risk management tools for construction project owners and contractors to guarantee payment and performance by various stakeholders due to current economic risks that clearly 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 more 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 the 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.