Surety Bond Claims
Many public and private construction projects now require a contractor to obtain surety bonds as a form of performance security. When a party fails to pay or perform its obligations on a construction project, surety bonds – typically either a labour and material payment bond or a performance bond – can provide parties with an avenue for relief. The pursuit of a claim on a bond or the defence of such a claim is a highly technical area of law that requires legal expertise that Glaholt LLP’s lawyers can provide. Glaholt LLP also acts for sureities in defending claims made against surety bonds and prosecuting claims for sureties under indemnity agreements.