Tips in Making a Payment Bond Claim
If you are a subcontractor or supplier who has supplied construction materials for a building project, you should make a payment bond in advance. A payment bond is a contract signed between the project owner or subcontractors and suppliers providing raw material for the developing project. The bond is subject to claim due to payments from the owner who give guarantee you to have enough fund to make full payment of service after the project completion. If you are a supplier, you need to get this payment bond surety from the owner of the project by signing a legal payment bond. Unfortunately, if the owner is unable to pay the full amount and dues are remaining for material supply or services, you need to file for a payment bond claim . As you have signed the payment bond contract in advance with the owner, you are eligible to recover the dues in a legal way. For this aim, you may contact the payment bond attorneys in your city. The experienced construction lawyers in the United States