Category Archives: Pay if Paid

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