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.
Bruce D. Townsend 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 845-778-2228 today.