Surety Performance and Payment Bonds play a crucial role in the construction industry, safeguarding project owners from financial losses in the event of contractor default. These bonds, such as performance and payment bonds, ensure that projects are completed within budget and according to plans.
Learn how these bonds safeguard project owners, ensure completion within budget, and prevent liens in this Lexis Practical Guidance practice note. Discover the ‘why’ and ‘how’ that fuels success in construction endeavors with Mandelbaum Barrett PC’s, Construction Chair, Jacqueline Greenberg Vogt.
Click here to learn about Surety Performance and Payment Bonds.