Suretyship

legal-pen

Thompson & Slagle, LLC offers a wide range of services to its surety clients. The firm has extensive experience in processing and resolving payment and performance bond claims from their inception to final disposition. Complete representation of surety clients includes factual investigation and legal evaluation of alleged defaults by bond principals, procurement to complete performance when appropriate, and enforcement of indemnity and subrogation rights. The firm has the capacity to perform, obtain, and coordinate engineering evaluations; negotiate agreements for completion of bonded contracts; administrate contracts; and resolve related disputes in any forum. Moreover, any or all of these services can be provided in the format which best suits the client’s needs.

When appropriate, the firm engages both construction consultants and accountants on behalf of surety clients. These professionals may assist the firm in evaluating bond claims, determining the financial condition of the principal, and finding the reason for the problems encountered by the principal. The firm has also coordinated surety financing of principals for completion of projects in order to minimize potential losses in confirmed default situations. The firm handles lawsuits against owners, including governmental agencies, in connection with recovery of wrongfully withheld contract balances. A substantial amount of activity is also devoted to representation of surety clients in complex litigation with architects, engineers, insurance companies, contractors, owners, suppliers and subcontractors.

The firm takes pride in providing high quality legal services in the specialized field of surety law, efficiently and at a reasonable cost.

Members of the firm have been involved in several cases of general interest to the surety industry, including several landmark cases. A sampling of some of these cases follows: