Construction: Bonds and Liens
Wednesday, April 5, 2017
1:00 PM EDT • 90 Minutes
Christopher Harris, Partner
Learn best practices for collecting payments and avoiding unnecessary losses with bonds and liens.
The importance of surety bonds in construction is immeasurable. Surety bonds provide financial security and construction assurance by assuring project owners that contractors will perform the work and pay specified subcontractors, laborers, and material suppliers. This webinar explores various issues surrounding the types of bonds commonly issued in the construction industry.
Equally important is the understanding of how liens on both private and public projects (wherein the “liens” are called stop notices) can affect the progress to completion. The appropriate remedy depends on several factors, such as the nature of the project (public or private) and whether the claimant was intended by the parties to the bond to be a beneficiary thereunder. This webinar discusses the complexities surrounding lien and stop notices recorded on construction projects and how the existence can create delays and obstacles against completion.
When a contractor seeks recovery for extra costs and is not achieving a negotiated settlement on a claim or change order, application for recovery can be made against bonds or liens. This may be in place of, or in addition to, other courses of administrative appeals, alternate dispute resolution or litigation. In addition, owners rely on bonds to remedy situations of non-performing or insolvent contractors, subcontractors or suppliers.
Join our knowledgeable experts who'll explain what bonds and liens are, how they work and what contractors, owners and suppliers need to know to successfully execute them, including:
- How bonds or liens protect contractors and suppliers
- What protections bonds and liens provide to the owner
- How these instruments vary and perform on public vs. private construction
- Important considerations to ensure these protections don’t fail due to improper filing or procedural issues
- And much, much more!
Attend this informative session to learn about ways to recover extra costs through bonds and liens to help your project succeed
Who Will Benefit?
This webinar is a must if you’re a public or private owner, construction manager, contractor, subcontractor, consultant, architect, engineer or attorney.
This event features key insights from our knowledgeable construction expert:
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Christopher Harris is a partner with Watt Tieder. His practice is focused primarily in the areas of commercial contracts and real estate litigation.
Chris has represented developers, contractors and sureties in both federal and state courts, including in three trials in the U.S. District Court for the Eastern District of Virginia and in numerous alternative dispute resolution proceedings. Through his representation of these clients, Chris has examined, litigated and advised clients regarding a wide variety of the complex legal issues that arise from commercial development and construction projects, including but not limited to construction contracts and bonds, purchase and sale agreements, development agreements, leases, funding commitment letters and contracts, and confidentiality and non-disclosure agreements. His work and experience in these areas involves a diverse array of project types, including commercial retail development projects, data centers, multi-family housing developments, public roadways, hospitals, mass transit systems, schools and military housing, maintenance and munitions testing facilities.
Chris graduated from Washington & Lee University School of Law and is admitted to the bars of Virginia and the District of Columbia as well as to a number of federal courts. He joined Watt Tieder in 2002.
Get your questions answered! A 10-15 minute period has been reserved at the end of the presentation for an interactive question-answer session so you can discuss specific issues or gain additional knowledge about topics discussed.
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Member discount applies automatically at checkout.
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|Webinar Recording |
as a Download
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