Surety

Bid Bonds / Performance Bonds / Labor & Material Payment Bonds / Misc. Surety Bonds

The attorneys at Hammargren and Meyer, P.A. have been defending surety companies against all types of claims under bid, performance, payment and miscellaneous surety bonds for over twenty years.  The dozens of sureties we have represented run the full range of the Treasury List – from small regional and specialty surety companies to the larger standard sureties. 

We understand surety claims.  David Hammargren, one of the founding partners of Hammargren and Meyer, P.A., was trained by and worked for one of the industry's largest surety companies underwriting, marketing and servicing all types of contract surety, miscellaneous surety and fidelity bonds.  Another senior attorney, Timothy Cook, has vigorously represented sureties for two decades.  The firm and its attorneys are active in the Minnesota Surety Association, the Surety Association of America, the ABA Forum on the Construction Industry and the Fidelity and Surety Committee of the ABA Tort and Insurance Practice Section.  We rigorously follow and analyze all surety industry trends and surety law developments and changes.

Having worked with many surety companies already, Hammargren and Meyer, P.A. is sensitive to and capable of complying with our clients' unique budgeting, billing, and case management needs.  In litigation and alternative dispute resolution proceedings, we emphasize planning, budgeting and cost-effective representation.

We regularly represent surety companies in Minnesota, North Dakota and western Wisconsin in connection with the following:

• Performance Bond Defaults – assisting the surety in evaluating a default and determining how to respond to the obligee.
• Single or Multiple Project Defaults – project takeover agreements, financing alternatives, project completion.
• Payment Bond Claims – analyzing, evaluating, negotiating, settling and litigating payment bond claims submitted by unpaid subcontractors and suppliers.
• Contract Funds – representing sureties in disputes with banks and other lenders over contract funds or bonded and unbonded projects.
• Salvage – identifying, evaluating and pursuing claims against obligees, design professionals, accountants, subcontractors, suppliers and insurance companies to recover funds to offset claims and losses.
• Indemnitors – pursuit and collection of claims against indemnitors, realization on collateral and negotiation of cooperation agreements. 
• Bid Bonds – defend surety against claims by obligees on bid bonds.
• Disbursement Control Agreements – negotiation, drafting and monitoring of escrow agreements and other types of disbursement control agreements affecting the receipt and disbursement of contract funds on bonded projects.
• Miscellaneous Surety Bonds – defend surety against claims on all types of miscellaneous surety bonds – e.g., Contractor License Bonds, Motor Vehicle Dealer Bonds, Warehousemens' Bonds, Supersedeas Bonds, Completion Bonds, Subdivision Bonds and Financial Guaranty Bonds.

Bond claims require prompt response and knowledgeable handling.  Contact Us for an immediate discussion of any actual or pending default or claim situation.