Prime Contractor Recovery on Terminated Subcontractor Performance Bond Claim

The firm represented the Prime Contractor on a federal military complex project. The firm assisted the Prime Contractor in defaulting and terminating a failing subcontractor. The firm also immediately engaged with the subcontractor’s surety to assert a performance bond claim for the Prime Contractor’s default damages, takeover costs, delay, markup, and attorneys’ fees. Without litigation, the firm successfully resolved the Prime Contractor’s performance bond claim for approximately 90% of the total amount submitted. All of the Prime Contractor’s takeover costs were paid for by the subcontractor’s surety.

Counsel: Jeffrey B. Baird, Esq. and Cory P. DiBene, Esq.