The Irwin Fritchie surety group helps construction companies draft bond forms and indemnity agreements, advising clients regarding the types of exposure that may arise during the underwriting process. We also help clients develop practical, real-world loss-avoidance and mitigation strategies.
When a potential default is looming, clients seek our advice regarding the best option or approach, including completing the contractor’s bonded obligations, tendering a new contractor, or buying back the bond, as well as enforcing contractual and common law rights against the contractor and indemnitors.
When a cost-effective settlement is not possible, Irwin Fritchie will enforce rights in litigation or arbitration. Our surety team has pursued bond claims against sureties, sureties’ claims against the contractor and indemnitors, sureties’ pursuit of bonded contract proceeds from owners, and creditors and trustees in bankruptcy proceedings.