Surety Corner – How to avoid performance bond claims on disputed contracts

Despite the best intentions of contractors, consultants and project owners, disputes in construction remain quite common and are often unavoidable. Disputes most commonly arise due to disagreements surrounding the scope of work often caused by design issues, possible defects in the work and the construction schedule. Disputes can be costly for all parties involved and may lead to delay claims, protracted lawsuits and in some cases surety bond claims.