Important Services That A Construction Surety Lawyer Offers To Clients

Posted on: 10 December 2020

As a construction company owner, you want to be able to trust the contractors that you hire for the project. However, your trust in them may only be as good as the bonding and licensing that they bring with them. You need to guarantee these credentials before you hire them to work on your job site.

To ensure that contractors and the companies that they work for are accredited, you need to retain an attorney to represent you and your business. Your construction surety lawyer can protect the integrity of your project and make sure that the required individuals have surety bonds to work or contract for you.

Advising on Surety Issues

The surety laws by which you must abide can differ according to each state. In fact, the laws in one state can be entirely different than the laws found in another state.

Rather than research these surety laws yourself, you can hire a construction surety lawyer to advise you. Your attorney will know what the laws are in the state where you are working. They will advise you on what kinds of credentials that the workers need to have and offer input on how much each worker's surety bond should be issued.

Advising on Indemnity Agreements

Your construction surety lawyer can also provide input on any indemnity agreements that you intend to use with contracting services. You may use contracts to secure contracting services for your projects. The businesses that you contract with need to know what you expect of them and what risks they take on when they agree to work on your project.

Your attorney can advise you on how to word these agreements and what risks to ask compensation for if necessary. He or she can ensure that the agreement falls in line with surety laws in the state where you are working.

Mitigation Advice

Finally, your construction surety lawyer can advise you on how to mitigate losses if a contracting service fails to or cannot uphold its contract with you. You can decide how to avoid these losses if possible. You can also learn how to compensate for them or write them off when necessary.

Your construction surety lawyer can advise you on a number of critical project factors. He or she can tell you what kinds of surety bonds are needed. Your lawyer can also oversee indemnity agreements and help you mitigate losses.


Working With Great Business Attorneys

Have you ever thought about how your business would fare if the worst were to happen? Lawsuits, problems with employees, and even sudden supply problems could spell trouble quickly. Fortunately, by having the right legal team in place, you can take steps to improve your life. On this blog, check out great information all about business attorneys. Here, you can find great tips and tricks about moving things in the right direction, so you aren't stressed about what the future might hold. After all, when your business is on the line, you simply can't be too careful. Check out these helpful blogs to find out even more.


Latest Posts