surety representation

Texas construction law has been described as a, "minefield for the unwary".  When questions or disputes arise, Sureties seek an attorney who understands the various issues which frequently confront Sureties and the needs of the particular company.  Newport & Associate's understanding of these issues is the result of our legal experience representing Sureties in construction and bond matters, and our involvement in construction litigation in federal and state courts.  

Some of  the areas  we provide assistance to Sureties include:

• investigations of nonperforming principals and projects;

• determination to finance or complete projects, assert defenses, or tender the bond limits;

• preparation of takeover agreements;

• preparation and negotiation of completion contracts;

• preparation of contract assignments;

• interpretations of whether bond rights have been waived by principals, obligees, subcontractors, laborers or materialmen;

• negotiations with subcontractors of defaulted principals;

• monitoring of Miller Act claims;

• investigation and settlement of claims on bonds;

• review and evaluation of claims;

• litigation of bond claims and claims against various parties