Sureties and bonding companies play an important role in modern construction projects. Sureties provide performance bonds which protect the project owner in the event that the contractor defaults on its work or is otherwise unable to complete the project, and sureties provide payment bonds which protect subcontractors and suppliers in the event that the contractor is unable to make payment for the work rendered. Although such bonds are frequently used on private construction projects, they are not required by law; in the public sector, however, the federal Miller Act and Georgia’s Little Miller Acts require public entities to obtain payment bonds to secure payment to subcontractors and suppliers downstream.
A thorough understanding and experience with the intricacies of surety and bonding law is essential for the Georgia construction lawyer. The attorneys at the Cobb Law Group are very familiar with the requirements for filing all types of bond claims, and we possess a successful track record for litigating bond claims on behalf of subcontractors and suppliers throughout the State of Georgia.
If you are working on or providing materials on a project covered by a surety’s payment bond, contact the Cobb Law Group to make sure that your rights are protected.