Recovery Against A Contractor’s Surety Bond

Date: August 17th, 2011 by Timothy J. Broussard No Comments

Today’s economic environment has created challenges in construction, particularly for subcontractors. The construction industry recession has led to insolvency of builders and general contractors. When builders do not pay subcontractors, remedies available for a subcontractor become challenging. Typically, a subcontractor has no contractual relationship with the owner as it contracts only with a general contractor. Absent a proper lien (Preliminary … Read More