What Are Payment Bond Claims
https://reganatwood.com/2020/04/09/di... (Jacksonville, Florida) and (Orlando, Florida) Attorney Chad Walker is a partner at Regan Atwood.
In this video, Chad discusses payment bond claims. A payment bond is a substitute for a lien against property. Claims of lien and payment bonds are both about protecting a contractor's or a supplier's ability to get paid.
All public projects are bonded -- federal, state, and local projects -- because you can't lien public property as a matter of law.
Some private projects are also bonded. In those situations the owner typically requires by contract that the prime contractor or general contractor obtain a payment bond so that the owner's property won't be subject to a lien.
The steps necessary to perfect a claim against the bond vary depending on whether the project is public or private, which is the reason I bring up that bonds exist on both types of projects.
If the project is public, it also matters whether it's a federal project, a federal owner, or whether it's a state or local project. There are federal laws and state laws that establish notice requirements and deadlines for filing suit.
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Regan Atwood is known for handling sizable construction cases, real estate issues, and complex business disputes. Clients are often large specialty subcontractors, mechanical contractors, condominium builders, multi-family builders, Fortune 500 businesses, family-owned generational businesses, and established real estate firms.
Clients turn to Regan Atwood for experience, integrity, and results provided by the board-certified and highly skilled lawyers at the firm:
• Managing Partner and Attorney, Jeffrey C. Regan, 30+ years practicing Florida law, Florida Bar Board Certified in Business Litigation, and in Construction Law.
• Partner and Attorney, F. Eugene Atwood, 20+ years practicing Florida law, Florida Bar Board Certified in Construction Law; admitted in Florida and Georgia.
• Partner and Attorney, Charles R. Walker, Jr., practicing Florida law since 2001, Florida Bar Board Certified in Construction Law.
• Partner and Attorney Chad Dean, practicing Florida law since 2002, concentrating on real estate and title litigation, homeowner and association litigation, commercial litigation and real estate transactions.
• Attorney Judson C. Bradley, practicing Florida law since 2015, concentrating on construction litigation, business litigation, and real estate litigation.
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