Month: April 2011

Careful of that deal, you may be waiving your payment bond claim

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04/04/2011Lowenstein, Neil S.

Payment bonds are intended to protect those who have supplied labor or materials for either public projects where mechanic’s liens are not available, or for some commercial projects where the owner seeks to encourage bond claims rather than lien claims. They offer generally good protection for those who have supplied labor or material, but not… Read more »