By David A. Harris and J. Jackson Harris March 24, 2020 ArticlesThe spread of the novel coronavirus known as COVID-19 slammed the markets over the past several weeks, and some industries – in particular, the hospitality industry – have already taken a massive hit. These problems are bound to have an impact on surety claims. Facing supply chain and labor problems, many contractors will find it difficult, if not impossible, to satisfy their contractual obligations. Any surety faced with a contract default or payment bond claim which may be caused by the coronavirus would do well to review these defenses and consider their application. Read More
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