Learn best practices for collecting payments and avoiding unnecessary losses with bonds and liens.

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The importance of surety bonds in construction is immeasurable. Surety bonds provide financial security and construction assurance by assuring project owners that contractors will perform the work and pay specified subcontractors, laborers, and material suppliers. This webinar explores various issues surrounding the types of bonds commonly issued in the construction industry.

Equally important is the understanding of how liens on both private and public projects (wherein the “liens” are called stop notices) can affect the progress to completion. The appropriate remedy depends on several factors, such as the nature of the project (public or private) and whether the claimant was intended by the parties to the bond to be a beneficiary thereunder. This webinar discusses the complexities surrounding lien and stop notices recorded on construction projects and how the existence can create delays and obstacles against completion.

When a contractor seeks recovery for extra costs and is not achieving a negotiated settlement on a claim or change order, application for recovery can be made against bonds or liens. This may be in place of, or in addition to, other courses of administrative appeals, alternate dispute resolution or litigation. In addition, owners rely on bonds to remedy situations of non-performing or insolvent contractors, subcontractors or suppliers.

Join our knowledgeable experts who'll explain what bonds and liens are, how they work and what contractors, owners and suppliers need to know to successfully execute them, including:

• How bonds or liens protect contractors and suppliers
• What protections bonds and liens provide to the owner
• How these instruments vary and perform on public vs. private construction
• Important considerations to ensure these protections don’t fail due to improper filing or procedural issues
• And much, much more!

Attend this informative session to learn about ways to recover extra costs through bonds and liens to help your project succeed

This webinar is a must if you’re a public or private owner, construction manager, contractor, subcontractor, consultant, architect, engineer or attorney.

This event features key insights from our knowledgeable construction expert:

Rebecca Glos a partner within the Surety group at Watt, Tieder, Hoffar & Fitzgerald, LLP, provides a full range of litigation services in all aspects of construction and surety law on a state and national level. In addition to litigating subdivision bond claims, Rebecca’s practice includes litigating public and private construction disputes involving sureties, such as resolving time-related claims (delay/impact), enforcing payment defenses against bond claims, analyzing scope claims and litigation (differing site conditions, change orders, and inadequate plans and specifications), and providing counseling and transactional services to the construction industry (contract preparation and negotiation).