Category Archives: Bond Claims

What are the Legal Rights of a Project Owner or Surety in the Event of a Construction Default?

Surety bonds play an essential role in Florida construction projects. The surety guarantees the performance of a general contractor in completing a project under the terms of its contract with the owner. In the event of default, the owner can terminate the contract and demand satisfaction from the surety. Court: Surety Allowed to Retain… Read More »