Category Archives: Bonds and Insurance

Pay Bond + Deadbeat Owner + Pay When Paid = Pennies for Subs?

Pay Bond + Deadbeat Owner + Pay When Paid = Pennies for Subs?

Ok, here’s one that is tough to swallow. An Owner pleads poverty in the face of a multimillion dollar claim, and offers the Prime and Subs a pittance to settle. One Subcontractor refuses to accept the settlement and pursues valid claims against a solvent Prime and, more importantly, a big, fat payment bond. The Third

Arbitration and the Construction Surety

So you have executed a contract containing an Alternative Dispute Resolution (“ADR”) provision calling for mediation, followed by arbitration, pursuant to the Construction Industry Rules of the American Arbitration Association. Your decision to go with ADR comes after careful consideration (presumably including discussions with your attorney) of the benefits and burdens of resolving a dispute by arbitration based upon the nature of the project and the