Who and what is covered under an AIA A312 payment bond?
The A312 covers any claimant, i.e. any subcontractor, supplier or laborer who has a direct contract with the prime contractor or a subcontractor of the prime contractor, or any party that has rightfully asserted a claim under the applicable lien laws. On a private job, the language of the payment bond defines what is covered. All labor and material may not be covered such as rented equipment, transportation, insurance premiums or the fees of the architect or land surveyor. This video reviews payment and performance bonds, release of lien bonds, and when a bond is used.
Agenda
Faculty
David B. Raymond, Esq.
Husch Blackwell LLP
- Partner in the office of Husch Blackwell LLP and a member of the Construction & Design Industry Sector Group
- Practice emphasizes all aspects of construction transactions, construction claims analysis and avoidance, and arbitration and litigation of construction related disputes
- Conducts regular seminars and workshops on numerous topics
- Super Lawyers of Missouri and Kansas, Construction Litigation/Business, 2017
- J.D. degree, University of Missouri; M.B.A. degree, Rockhurst University; B.S.M.E. degree, University of Missouri
- Can be contacted at 816-983-8156 or [email protected]
Joshua B. Levy
Husch Blackwell LLP
- Leader of Husch Blackwell Construction & Design Group
- Former General Counsel of National Construction Firm
- American Arbitration Association Arbitrator since 2010, Construction Industry Roster
- Tried over 70 AAA arbitrations and federal and state trials
- Decades of experience training construction companies, drafting and negotiating construction contracts, and assisting clients with every manner of construction challenge
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