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Defending a bond claim: What to look out for

from By Nate Budde

From Feb. 8: Like mechanics liens, payment bonds are obtained to ensure that subs and suppliers are paid for the labor or material furnished to a construction project. Just like claimants occasionally file improper mechanics liens, a claimant may also assert an improper claim against a bond. Since no party providing a bond wants to deal with navigating a claim against it, it is important to make sure the response is efficient and accurate to avoid a drawn-out process. more

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