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Construction Surety Bond and Bond Claims

 
In addition to Mechanics' Liens and Attested Account Claims, a construction surety bond is another mechanism by which a lower-tier contractor or supplier may recover for costs incurred in furnishing material and labor to a project (although a claimant will only be able to recover once). Typically, most public construction projects and many private projects involve one or more payment or performance bonds that guarantee a contractor;s performance. This section will identify the parties to a construction surety bond and their relationship to each other, address some of the differences between a construction surety bond and insurance; and describe the types of surety bonds and the distinctions between them. The section will also generally discuss the process for making claims against a construction surety bond, as well as identify some typical surety defenses.

Faculty

Nora E. Loftus, Esq.

Nora E. Loftus, Esq.

Frantz Ward LLP

Agenda

Faculty

Nora E. Loftus, Esq.

Nora E. Loftus, Esq.

Frantz Ward LLP

  • Attorney with Frantz Ward LLP focusing practice on all areas of construction law from front-end documents through project closeout and dispute resolution
  • Practice includes risk management and claims avoidance
  • Named in Chambers USA as Associate to Watch, 2012 and 2013
  • Named an Ohio Super Lawyers Rising Star, 2012 and 2013
  • J.D. degree, Cleveland State University; B.A. degree, Miami University
  • Can be contacted at 216-515-1665 or [email protected]

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