Project Takeovers

Our experience dictates that projects do not always go as planned. Given the surety’s background role in the project’s day-in day-out progress, the surety may be one of the last parties to learn of the downfall of its principal, often when it is too late in the process.

Shields | Mott attorneys are experienced in assisting sureties, contractors, and obligees in performance and payment bond issues arising prior to and following default and termination, and throughout the construction completion process. Working in conjunction with experienced engineering and construction consultants, we assist in evaluating work in place and that which remains to be performed, deciding on the best method of completion or tender, negotiating completion agreements, preparing re‑let packages, monitoring completion work, applications for payment, and asserting and defending performance and payment bond claims.