The bond language balances the interests of contractors/sureties with project owners.

Tighter rules could catch contractors off-guard and subject them to severe penalties on federal infrastructure projects.

Coverage enhancements allow insureds to shift risk downstream, a useful tool for construction risk management programs.

Updated: March 13, 2020 By: Alexander Gorelik, Joshua E. Holt, Brian N. Krulick, Shoshana E. Rothman, A. Michelle West, and Brian S. Wood The outbreak of COVID-19 (“coronavirus”) has wreaked a considerable human toll of death, physical suffering, fear, and anxiety internationally. Much of the fear and anxiety results from a lack of information or a full understanding about the ...

By Jeremiah M. Welch Boston’s recent decision to temporarily shut down city construction projects has many in the industry asking what impact, if any, a COVID-19 related shutdown would have on project insurance. For this article, the focus is not on the question of whether there is coverage for damages or liabilities because of COVID-19; there are many other articles ...

By David Robbins In this unprecedented time of global pandemic, government contractors, and industries supporting them have spent substantial effort understanding contract terms like force majeure, excusable delay, changes, and Defense Production Act rated orders. The surety industry is also rapidly learning these terms and clauses and how they apply to Miller Act bonds issued for federal construction contracts. The Miller ...

ISTOCK/HAZEMMKAMAL By Levi W. Barrett, Steven M. Charney, Warren E. Friedman, and Christopher B. Kinzel The Coronavirus has been the subject of an extraordinary amount of media coverage since the start of 2020. As we approach the end of the first quarter of the year, its impact on local and global economies and our way of life cannot be ignored. ...