Experienced Massachusetts Performance Bond Attorneys
Surety bonds are designed to provide financial security and construction assurance to property owners by assuring that contractors will perform the work and will pay specified subcontractors, laborers and material suppliers. This allows public agencies and private sector project owners to manage risk and gamble on contractors without worrying about levels of commitment or qualifications.
At the law firm of Curran & Desharnais, P.C., our experienced lawyers understand surety bonds and serves the needs of clients throughout Massachusetts. We help contractors and subcontractors who are required to post surety bonds on government construction jobs as well as private owners who need to protect their substantial investments.
Weymouth Surety Bond Attorneys for Contractors and Subcontractors
A surety bond is a risk transfer mechanism that assures the property owner that a contractor will perform a contract in accordance with contract documents. There are three main types of surety bonds that include:
- Bid bonds: assures that a bid has been submitted in good faith, that a contractor will enter into the contract at the bid price and that the required performance will be provided
- Performance bonds: protects owners from financial loss if the contractor fails to perform the contract in accordance with terms and conditions
- Payment bonds: ensures that contractor will pay all specified subcontractors, laborers and material suppliers on the project
We also handle surety bond dispute resolution if payment disputes arise during or after the completion of a construction project.
Find Answers to Construction Law Questions About Surety Bonds
For more information about surety bonds, contact the Weymouth law firm of Curran & Desharnais, P.C. Schedule an appointment for a free initial consultation at 781-618-3197 or toll free at 888-682-9194.
