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Finish your Bond Claim in less than 10 minutes: To complete your Bond Claim, just answer a few questions, like:
1. Your company name and address
2. The name of the company you did work for
3. The name of the bonding company.
Next Step:Get started
Flat low price of $275 for a Bond Claim includes:
*Review of the information you submit by our specialists
*Drafting of and service/filing of the Bond Claim.
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What is a construction bond claim?
A bond claim in the construction context is a notice against a prime contractor's surety company that a claimant is owed money on a project. If a general contractor is the "first guarantor" of payment to its subcontractors and suppliers on a construction project, then the bonding company acts as a "second guarantor."
How do I know if a payment bond was filed on the Construction Project?
In nearly all government projects exceeding a certain contract amount, the contractors that have a contract with the owner are required to obtain a bond that ensures that everyone performing work on the project will be paid in full. Since government property generally cannot be liened upon, the surety bond obtained by the prime contractor provides a mechanism for subcontractors and suppliers to obtain security that their claims will be paid.
Is there a time limit in which a bond claim must be filed?
Generally, the bond claim must be submitted within a certain time frame required by Statute or by the terms of the bond itself. In some States, the bond claim is an additional remedy to a government mechanics lien, or municipal mechanics lien.
Is filing a bond claim on a construction project useful?
Often times, filing a bond claim can be more useful than filing a mechanics lien. Bonds are generally considered as good as cash, so if you're able to prove to the company that is backing the bond that the money is owed to you, the cash is readily available to pay your claim.
Need more information?
Bond claims sometimes need to be preceded by a notice of delivery of materials or a notice of commencement. To find out more information on what is required to file a bond claim, visit our FAQ section.
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