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Practical Guide to Construction Contract Surety Claims, Third  Edition Practical Guide to Construction Contract Surety Claims, Third  Edition

Practical Guide to Construction Contract Surety Claims, Third Edition

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Overview

Practical Guide to Construction Contract Surety Claims provides clear guidance on the methods, procedures and case law surrounding the surety process. Whether you represent the surety, principal, or obligee, this one-of-a-kind reference will provide you with the indispensable, practical guidance and reliable tools you need to manage the surety process.

Practical Guide to Construction Contract Surety Claims is logically organized around the various types of bonds - payment bond, bid bond, performance bond - as well as the claims that are asserted against those bonds, and the methods of investigation and resolution of those claims. It covers in detail the surety's options for resolving performance bond claims, including:

  • Tender
  • Completion by the obligee
  • Completion by surety
  • Financing the principal

This book also addresses matters that affect the claims handling process, such as:

  • Bankruptcy of the principal
  • Claims for extra-contractual damages
  • Claims by the surety against the principal
  • Indemnity for losses sustained by the surety
  • The interrelationship of the surety and the insurance carriers for the construction project

Valuable analysis of case law is included within the discussion of each topic, and the relevant facts of key cases are highlighted where applicable..

Note: Online subscriptions are for three-month periods.

Previous Edition: Practical Guide to Construction Contract Surety Claims, Second Edition, ISBN 9780735552630

Last Updated 11/21/2017
Product Line Wolters Kluwer Legal & Regulatory U.S.
ISBN 9781454884125
SKU 10045094-0002
Product Line Wolters Kluwer Legal & Regulatory U.S.
SKU 000000000010048493
Table of Contents
  1. INTRODUCTION TO SURETY BONDS
  2. ORIGINS AND TYPES OF SURETY BONDS
  3. BOND VALIDITY; COMMENCEMENT OF CLAIM
  4. BID BONDS
  5. PAYMENT BONDS: CLAIMANTS AND COVERED CLAIMS
  6. PAYMENT BONDS: NOTICES AND STATUTES OF LIMITATIONS
  7. PAYMENT BONDS: DEFENSES AND CLAIM RESOLUTION
  8. PERFORMANCE BONDS: NOTICES AND DEFENSES
  9. PERFORMANCE BONDS: INVESTIGATION AND OPTIONS
  10. PERFORMANCE BONDS: COMPLETION BY THE OBLIGEE
  11. PERFORMANCE BONDS: FINANCING THE PRINCIPAL
  12. PERFORMANCE BONDS: TENDER OF THE COMPLETING CONTRACTOR
  13. PERFORMANCE BONDS: TAKEOVER AND COMPLETION BY THE SURETY
  14. CLOSEOUT OF THE TROUBLED PROJECT
  15. POSTCOMPLETION CLAIMS
  16. BANKRUPTCY CONSIDERATIONS
  17. INDEMNITY
  18. SUBROGATION RIGHTS
  19. EXTRA-CONTRACTUAL DAMAGES
  20. USE OF ATTORNEYS AND CONSULTANTS
  21. ARBITRATION
  22. INTERACTION OF SURETYSHIP WITH INSURANCE
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