In this video our speakers, Drew W. Colby, Esq. and Russ Corner, reviews bid bond language and summarizes the legal language into the basic promise contained in a bid bond in which one of two things will happen. They discusses the importance of the bid bond and the criticalness of understanding the language of the bid bond as it defines the underlying relationship or agreement between the owner, the contractor and the surety. Our speakers also review how to avoid bidding errors.
Drew W. Colby, Esq. is a partner and co-chair of Construction Group at Partridge Snow & Hahn LLP (www.psh.com). His practice is devoted to the construction industry including drafting and negotiating contracts, handling payment disputes, mechanic’s liens and bond claims, sub-standard performance claims, bid protest claims, and insurance issues with respect to public, commercial, and residential project. Mr. Colby has achieved the highest rating in the Martindale-Hubbell® Law Directory which represents the highest possible rating on both legal ability and ethics based upon the confidential opinion of peers and judges.
Russ Corner is a bond manager at Tonry Insurance Group, Inc.. He focuses on bonding and insuring contractors. Mr. Corner is a Construction Risk and Insurance Specialist (CRIS®) and Certified Professional Insurance Agent (CPIA®).
Agenda
Faculty
Drew W. Colby, Esq.
Kenney & Sams, P.C.
- Over 30 years’ experience practicing construction law
- Drafting and negotiating hundreds of contracts
- Resolving payment and performance disputes
- Frequently conducts seminars and workshops on construction topics
- Authored dozens of construction articles and publications
- Earned the AV® Preeminent Rating from Martindale Hubbell which represents the highest possible rating on both legal ability and ethics based upon the confidential opinion of peers and judges
- Can be contacted at [email protected]
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