Construction Payment Bond Fundamentals

CD & Manual
  386470TMX $219.00 USD Add to Cart
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 85 Min. Audio MP3 - No shipping cost
   386470POD $219.00 USD Add to Cart
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What is a Podcast?

Benefits

In a tight economy, more situations arise where someone in the line of project contracts, from the prime contractor down to a second- or lower-tier subcontractor, fails to pay their bills or even goes out of business. Those who are unpaid must seek alternative means to ensure payment. And those who are higher on the project chain must take steps to assure the flow of funds all the way down the line. This teleconference will help you understand the normal parameters and terms of payment bonds. Practical tips associated with either pursuing or responding to payment bond claims will be provided. A lack of understanding as to how payment bonds work and what they are intended (or not intended) to cover may lead to lost opportunity or financial losses. This teleconference is critical for management and operations personnel who want to protect their companies against unnecessary losses due to somebody else's financial woes.

Learning Objectives

  • You will be able to review typical projects involving payment bonds.
  • You will be able to discuss what items may be covered by the bond.
  • You will be able to describe project administration for the bond principal.
  • You will be able to explain giving timely notice.


Agenda

What Is a Payment Bond?
  • Typical Projects Involving Payment Bonds
  • Who Benefits From the Payment Bond?
  • What Items May Be Covered by the Bond?
  • Defenses Available to the Surety and Bond Principal
What Do You Need to Know?
  • Find out If There Is a Bond
  • Getting a Copy of the Bond
  • Project Controls
  • Project Administration for the Bond Principal
Pursuing a Payment Bond Claim
  • Giving Timely Notice
  • Gathering the Proof
  • Following up With the Surety
  • Filing a Lawsuit

Faculty

Stanley A. Martin, Holland & Knight LLP

Stanley A. Martin
  • Partner in the office of Holland & Knight LLP
  • Practice emphasizes all aspects of construction projects, contracts and disputes
  • Experience includes structuring development, design, construction and subcontract formats and agreements, risk management analysis, and claims development and response
  • Counseled ENR top 500 contractors, including three in the top 10
  • The Best Lawyers in America guide, construction law, 2007 to 2010
  • Massachusetts Super Lawyers magazine
  • Corporate Counsel Edition, Super Lawyers magazine, May 2009
  • Who's Who In America
  • OSHA 10-Hour Safety Program Certified
  • Boston's Best Lawyers, 2008, 2009
  • Conducts regular seminars and workshops on numerous construction industry issues
  • Author of several publications related to the areas of construction law
  • B.S. degree, Massachusetts Institute of Technology
  • J.D. degree, Boston College Law School
  • Contact him at stan.martin@hklaw.com or 617-854-1415





These Materials are Designed For

Construction and project managers, engineers, presidents, vice presidents, owners, architects, controllers, accountants, contract managers and attorneys

CD & Manual - CD Set with bound 14 page manual
Podcast - 85 Minute MP3 with 14 page electronic manual - Immediate Access and No Shipping Cost