Insights

Managing construction risks is crucial for project owners. A successful construction project—one that finishes on time, within budget and without defects in design or construction—is the utmost...

How can project owners and contractors safeguard the project, their budget and their business? After COVID-19 struck in 2020, the cost of construction and building materials skyrocketed, driving up...

On July 18, 2022, in Crystal Point Condominium Association, Inc. v. Kinsale Insurance Company, (a-76-20) (085606), the New Jersey Supreme Court unanimously concurred with an Appellate Division...

Public construction projects almost always require surety bonds. As a type of insurance, bonds protect the government if the wheels come off a project, or the contractor absconds with the funds....

The Appellate Division recently turned up the heat on general contractors who fail to pay subcontractors forcing them to incur legal fees to prosecute their legitimate claims. In JHC Industrial...

When a contractor is in default, should the property owner partner with the surety to complete the project? Or are their interests hopelessly...

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Private project owners have become increasingly interested in taking advantage of the same protections that public owners historically have had, by requiring surety bonds. While the cost can be a...

Real estate development and construction projects regularly require payment and performance bonds from contractors that are seeking to be hired for a project. There are many misconceptions about what...