News & Analysis as of

Bonds Contractors

Warner Norcross + Judd

Liberating Property: Bonding Off Construction Liens in Michigan

An owner hired a contractor to make improvements on real property, but the contractor failed to pay its subcontractors or suppliers. What happens next? Under Michigan’s Construction Lien Act, contractors, subcontractors,...more

Gray Reed

Lien and Bond Claims in July 2024: Dates to Remember

Gray Reed on

Use this guide as a reference when filing lien and bond claim notices for the month of July....more

Gray Reed

Lien and Bond Claims in June 2024: Dates to Remember

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Use this guide as a reference when filing lien and bond claim notices for the month of June....more

Bradley Arant Boult Cummings LLP

Breach vs. Default — What’s the difference?

The words breach and default are often used interchangeably to indicate that somebody hasn’t done what they were legally required to do. According to Black’s Law Dictionary, the words do appear somewhat interchangeable. ...more

Porter Hedges LLP

Bond to Indemnify Against Liens vs. Bond to Pay Liens or Claims

Porter Hedges LLP on

Bonds can play an essential role in protecting owners from the financial risk associated with liens and other contractor claims on Texas construction projects. Two types of commonly used surety bonds are (1) bonds to...more

Bradley Arant Boult Cummings LLP

Miller Act Suit Stayed until CDA Remedies Exhausted

A federal district court in Washington recently rejected a subcontractor’s motion for reconsideration of a previously granted motion to stay in a Miller Act lawsuit (the Miller Act governs prime contractor bond requirements...more

Saul Ewing LLP

Baseball Stadium Developer Owes Bond Insurer $39.1 Million Due to Indemnification Agreement

Saul Ewing LLP on

A recent decision from the United States District Court for the District of Connecticut is a reminder to contractors and developers that indemnification agreements tied to bonds usually heavily favor and give a large amount...more

Burr & Forman

Words and Numbers: Contractor Forfeits Bid Bond When It Mistakenly Leaves Out “Thousand” Word

Burr & Forman on

Contractors make mistakes with words. Contractors make mistakes with numbers. And sometimes, a mistake with words leads to a mistake with numbers....more

Orrick, Herrington & Sutcliffe LLP

California Debt Limit Allocation Committee Releases Proposed Regulations

This client alert discusses some of the more significant changes that could affect issuers and borrowers in connection with awards of volume cap if the proposed regulations were adopted in their current form. The...more

Stinson LLP

Construction Law Alert: Minnesota Supreme Court Acknowledges "Trap" For Subcontractors In Safety Signs Ruling

Stinson LLP on

Subcontractors and suppliers take careful note. Last week, the Minnesota Supreme Court issued a ruling in which it admitted that a statute created "a trap for the unwary" subcontractor or supplier that files a claim under the...more

Nexsen Pruet, PLLC

Construction Law e-Bulletin: Notice of Furnishing: More Important Than Ever - News from the Construction Law Group

Nexsen Pruet, PLLC on

Occasionally, old news is new news. The topic of notice by subcontractors and suppliers to preserve their lien and bond payment rights is discussed more often than may be necessary, but inattention or carelessness in regard...more

Gray Reed

7 Ways To Manage The Credit Risk Of A New Customer

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Get the project information up front - You should ask your customer for the owner’s name and address, the location of the project, a copy of the payment bond (if any), and the general contractor’s name and address (if...more

Baker Donelson

2013 Maryland General Assembly Passes Bills Affecting Construction Industry

Baker Donelson on

A number of bills were passed during the Maryland General Assembly's 2013 legislative session that will impact certain sectors of the construction industry. Ober|Kaler has put together brief summaries of certain bills from...more

Nexsen Pruet, PLLC

Changes Taking Effect to North Carolina Lien and Bond Laws

Nexsen Pruet, PLLC on

The rules are changing when it comes to North Carolina lien and bond laws. And, the new provisions are substantially altering the way in which all parties involved in lien rights – from owners, buyers, and sellers to general...more

Smith Anderson

Changes to North Carolina Lien and Bond Law – What You Need to Know

Smith Anderson on

A number of significant changes to North Carolina’s lien and bond statutes were just signed into law. In part, these changes are in reaction to concerns from the title insurance industry about so-called “hidden” liens, the...more

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