Practice Leader

Michael C. Zisa

Partner

+1 202.293.8815

mzisa@pecklaw.com

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Surety

Peckar & Abramson's Surety Practice Group: Combining a comprehensive understanding of the legal and practical issues impacting sureties with unparalleled construction experience.

A claim against a performance bond, payment bond or other construction bond sets off a series of interrelated events, so it is essential for a surety to quickly evaluate the facts and circumstances and understand its rights and obligations. Therefore, when choosing a law firm, a surety needs attorneys who understand the intricacies of the law governing a surety’s rights and obligations as well as the complexities of the construction industry in the public and private sectors. The attorneys of Peckar & Abramson’s Surety Practice Group have this combined understanding. Our attorneys draw upon their unparalleled experience representing members of the construction industry and comprehensive understanding of the legal and practical issues impacting sureties to assist clients with the following types of matters:

  • Performance and payment bond claim investigation, analysis, response and litigation
  • Meetings with bond principals, obligees and indemnitors
  • Negotiation, drafting and management of takeover, tender and completion arrangements
  • Enforcement of subrogation rights and prosecution of subrogation actions
  • Enforcement of indemnity rights and prosecution of indemnity actions
  • Contesting bond principal’s default termination and pursuit of principal’s affirmative claims
  • Protection of sureties' rights in bankruptcy proceedings and receiverships
  • Drafting of bond and indemnification documents
  • Negotiation and drafting of financing arrangements
  • Monitoring of tender arrangements

Our surety clients consult us for advice and strategy on these matters from inception through resolution in an effort to minimize loss and avoid litigation. However, when necessary, the Firm uses its litigation experience to serve and protect our surety clients' interests. In this regard, our attorneys have successfully resolved performance bond, payment bond, indemnification and subrogation matters through motion practice, trial and settlement in federal and state courts throughout the United States and internationally.

Ultimately, we recognize that sureties place a premium on practical, pragmatic solutions. Our experience and personnel allow us to provide the highest quality representation for a surety while never losing sight of the surety’s focus on sensible, cost-effective results.