Many jobs are covered by payment and performance bonds. If you are a subcontractor on the project, you may be covered by a bond. A number of subcontractors leave large amounts of money on the table because they do not know how to protect themselves. We can help you secure your receivables.
With few exceptions, all Federal Public Construction projects are covered by Payment and Performance Bonds ("P&P Bonds"). A bond is an insurance policy normally taken out by the general contractor which assures the owner that the project will be completed as specified by the terms of contract, and assures the subcontractors and labors that they will be paid for the work they perform. However just like liens, the bond claims have against the bond must adhere to such requirements. "P&P Bonds" can also be issued on private projects. Generally the owners of large projects request that a "P&P Bond" be taken out by the general contractor hence giving him the same protection discussed above under public projects.
Call us at 201-991-7111 if you have any questions while completing this form.
Bond Claims
Our goal is to maximize your cash flow and protect your receivables while every effort is made to repair and restore your relationship with the debtor.
Our goal is to maximize your cash flow and protect your receivables while every effort is made to repair and restore your relationship with the debtor.