Events
Duane Morris Partner Stanley Martin to be Faculty for Construction Payment Bond Fundamentals Audio Conference
September 27, 2011 | Audio Conference
Duane Morris partner Stanley A. Martin will be the speaker for "Construction Payment Bond Fundamentals," an audio conference to be held on September 27, 2011 at 1 p.m. ET.
About the Program
In a tight economy, more situations arise where someone in the line of project contracts, from the prime contractor down to a second- or lower-tier subcontractor, fails to pay its bills - or even goes out of business. Those who are unpaid must seek alternative means to ensure payment. And those who are higher on the project chain must take steps to assure the flow of funds all the way down the line. This live audio conference helps the persons responsible for project controls, accounts receivable, accounts payable, and general risk management, to understand first the normal parameters and terms of payment bonds. We will provide practical tips associated with either pursuing or responding to payment bond claims. A lack of understanding as to how payment bonds work and what they are intended (or not intended) to cover may lead to lost opportunity or financial losses. This program is critical for management and operations personnel who want to protect their companies against unnecessary losses due to somebody else's financial woes.
Learning Objectives
- You will be able to recognize typical projects involving payment bonds.
- You will be able to explain defenses available to the surety and bond principal.
- You will be able to discuss how to get a copy of the bond.
- You will be able to describe how to file a lawsuit.
For more information or to register online, please visit the Lorman Education Services website.
