Surety

Seeger Faughnan Mendicino PC maintains a robust surety practice, with extensive experience in contract and commercial surety matters. Our lawyers handle cases ranging from claims against traditional performance and payment bonds to disputes involving reclamation and developers’ bonds. Our clients regularly seek our assistance with many different surety specific matters including:

• default termination / performance bond claims
• payment bond claims
• “bad faith” claims
• bond agent disputes
• pursuit of principals’ affirmative claims
• takeover arrangements
• completion agreements
• monitoring of tender arrangements
• jobsite meetings with obligees
• indemnity disputes
• accounting negligence claims

Our inside knowledge of jobsite and construction industry issues provides a synergy in effectively counseling our surety clients on the complex, technical concerns that often accompany bond claims. This broad background helps us to better understand the competing interests and potential pitfalls that sureties must confront in discharging their obligations. As a result, we are often consulted for advice and strategy in “work-out” and completion scenarios and are even invited to speak at in-house surety educational events.

Ultimately, we recognize that sureties place a premium on practical, pragmatic solutions. Our experience and personnel allow us to provide the highest quality representation for the surety while never losing sight of the surety’s focus on sensible, cost-effective results.