Sentences with phrase «payment bond»

Nor does it suggest ignorance of its general rights under a labour and material payment bond, or the need for timely notice to be given under such an instrument.

He has filed and enforced mechanic's liens, bid protests and has successfully prosecuted and defended numerous performance and payment bond claims.

Rising prices over time reduce the purchasing power of each interest payment a bond makes.

Payment bonds come in various shapes and sizes and it is important to read them carefully before concluding what they bond.

Asserting or defending mechanics» lien and bond claims for payment bonds, performance bonds, fidelity bonds, and lien foreclosure

A Standby Letter of Credit can be used in international transactions as a bid bond, performance bond, or advance payment bond.

Congress should provide a direct - payment bond option, in which state and local governments receive direct federal payments to subsidize a portion of the taxable interest paid to private bond holders.

Your actual loss would be a bit smaller than that as you would also have the interest payments the bond throws off (which, granted, right now are pretty minimal, say 2 % or so).

All they do is define what payments the bond entitles the owner to.

In contrast, the appellant remained ignorant of the existence of its entitlement to claim under this specific labour and material payment bond because the appellant elected not to make inquiries, all the while knowing that such inquiries would definitively confirm or refute the existence of a bond.

Successfully argued on behalf of surety in Certified Question before the Connecticut Supreme Court concerning the proper interpretation of the statutory public works payment bond claims procedures and defeated effort to read implied judicial default provision into the statute.

A labor and material payment bond protects the interest of subcontractors, material suppliers and laborers against forfeiture of payment from the general contractor.

Coordination of all commercial projects: review of contract, requesting performance / payment bonds when bids are awarded and complete, submittal of permits from vendors, and submission of payment applications

Manitoba Court of Queen's Bench finds CRA entitled to priority to «earned but unpaid» contract funds held by obligee (over the surety who had paid out labour and material payment bond claims after principal's default)

Our specialized expertise in insurance defence includes errors and omissions claims against Insureds in a variety of professions including the securities industry, claims against Directors and Officers, legal expense insurance claims, performance and labour and material payment bond claims, and acting as class action defence counsel.

They are the present value of the payments the bonds will make.

Neither Bird Construction Company nor the subcontractor notified Valard Construction Ltd. that the subcontractor had obtained a labour and materials payment bond, which named Bird Construction as the obligee.

Second, if there is either insurance or a performance or payment bond that applies to the contract, keep track of all costs and expenses incurred in enforcing your client's rights.

Mr. Regan successfully argued on behalf of a surety before the Connecticut Supreme Court in defense of a bad faith claim stemming from the surety's handling of a payment bond claim.

Nor does it suggest ignorance of its general rights under a labour and material payment bond, or the need for... [more]

In that decision, the Arizona Court of Appeals found that a surety on a payment bond for a public construction project may not be sued for bad faith.

It provides authoritative coverage of mechanics» liens, payment bonds, performance bonds, and bid bonds, including comprehensive coverage of the statutes and analysis of the key cases in each state.

Actively involved in major construction claims in several of the Provinces in Canada acting for contractors, owners, and sureties involving construction lien claims, and as defence counsel for sureties on claims under Performance and Labour and Material Payment Bonds.

Our construction lawyers regularly handle disputes about delays, labor inefficiencies, payment, materials, construction defects, payment bonds, performance bonds, foreclosure of mechanics liens and defective design, among others.

Nonetheless, subcontractors may have the ability to recover payment from the prime contractor's surety where a payment bond has been furnished.

We regularly act for Insurers / Sureties in defence of Performance and Labour and Material Payment Bond claims.

We have extensive experience throughout Canada in construction - related litigation, including: improprieties in the bidding process; claims for construction liens; Performance and Labour and Material Payment Bond claims (primarily acting for surety); breach of trust; breach of construction contract claims; delays and liquidated damages claims; and problems caused by delays, damages, increases, substandard work, and debts guarantees.

Surety bonding disputes, in a coverage context, including performance on labour and material payment bonds

Represented a payment bond clamant in a highly complex delay and equitable adjustment claim arising from a power plant.

Field Law assists owners, contractors, subcontractors & suppliers, and bonding companies in pursuing and defending claims on performance bonds, labour and material payment bonds, bid bonds and lien bonds, and in assisting clients in related matters, including:

APM took out a payment bond with Travelers Guarantee Company of Canada.

APM Construction Services Inc. et al. v. Caribou Island Electric Ltd. et al. 2013 NSCA 62 Building Contracts — Labour and material payment bonds — Liability of surety — Extent of surety's obligation The Province of Nova Scotia retained APM Construction Services to act as the general contractor for renovations to one of its buildings.

Mr. Stohl's practice has included various litigation matters including mechanic's lien, design professional's lien, stop notice, payment bond, breach of contract, and Miller Act causes of action.

SDI is not a substitute for a payment bond.

There is no payment bond right of subcontractors and suppliers.

The payment bond forms a three - way contract between the owner, the contractor and the surety, to make sure that all subcontractors, laborers, and material suppliers will be paid leaving the project lien free.

Consent of Surety or Agreement to bond — guarantees that the required performance and payment bonds will be provided should the contractor be awarded the project.

Preparation, distribution and tracking of all project submittals, RFI's, Performance and Payment Bonds, insurance