Slide Deck

47 Slides available anytime
  • 47 Slides

Obtaining Surety Bonds for Construction Projects

 
Learn to better manage and understand construction risks and to use your skills and knowledge to avoid or minimize potential bond exposure.Too commonly actors on a construction project (and their attorneys) do not understand how to go about choosing and the practical steps necessary to request construction bonds - nor do they understand the purposes, benefits, and consequences of bonding as a layer of risk coverage distinct from insurance. Likewise, construction bond principals often fail to appreciate the meaning of the indemnity agreements that come part and parcel with their bonds. This topic helps all persons involved in a construction project (owners, contractors, subcontractors, architects, and sureties alike) understand the bonding process and necessities: from before prequalification all the way through to when certain bond claims are made. Specifically, contractors large and small alike will gain a better understanding of the types of available bonds and bonding resources, typical bonding companies’ evaluative criteria, key features of indemnity agreements, and common defenses to performance or payment issues they may come up against. This workshop is critical for all construction industry professionals seeking to better manage and understand construction risks and to use their skills and knowledge to avoid or minimize potential bond exposure.

Faculty

Elizabeth L. Gordon

Elizabeth L. Gordon

Shields | Mott LLP

Agenda

Faculty

Elizabeth L. Gordon

Elizabeth L. Gordon

Shields | Mott LLP

  • Partner at Shields | Mott LLP
  • Concentrates in the practice areas of construction law and commercial litigation
  • Experience representing owners, contractors, subcontractors and design professionals in all aspects of construction from construction contract negotiation and drafting, claim drafting and counseling during the construction and resolution of claims through the use of appropriate state or federal courts or before arbitration panels
  • Handled these issues against private, local, state and federal agencies
  • Handled state and public law lien claims and federal Miller Act claims

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