General contractors on many private and public projects post payment bonds to secure proper payment of material suppliers and subcontractors. Making claims against payment bonds is a relatively secure and prompt way to recover payment, since very few sureties are found to be incapable of paying a judgment. This is not the case with claims against private contractors. Claims against bonds can also sometimes be resolved without having to file suit.
Just, Gurr & Associates has handled many payment bond claims from both the surety side and the claimant side. To speak to one of our experienced attorneys, call our office at (408) 371-2200 today.
