Contractor insolvency and claims on bonds often go hand in hand. In the current economic climate, proving advice on construction bonds and claims require a careful analysis and understanding of both the legal precedent and commercial realities which affect sureties and construction clients alike.

The CBR Surety Advisory Unit specialises in providing technical and strategic advice with respect to bonds. The team has particular expertise in acting for the Surety Industry, advising Performance Guarantee Bond providers on liabilities with respect to claims made against performance bonds - usually triggered by the insolvency of the bonded contractor.

In addition the CBR Surety Advisory unit is often briefed by Sureties to comment on bond wordings where unusual terms or contract clause references are proposed by the prospective Employer as the ultimate beneficiary of the bond. The team has also acted for the Sureties in recovering claim payments and costs from the indemnitors to the bond.