The Supreme Court of Virginia recently reminded second-tier subcontractors not to rely on the bonding company alone when an upstream contractor fails to pay. As a principal on a payment bond, the general contractor also is a viable avenue for recovery of unpaid sums through an action under the bond.
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Construction Law Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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