Experienced practitioners examine the suretys investigation and evaluation of a default, the role of consultants, and the principal options available to the surety, including financing the principal, arranging a takeover and completion, tendering a completion contractor, or permitting the obligee to complete the work. Bond Default Manual, Fifth Edition also addresses contractual and statutory bond provisions, public works projects, bankruptcy, insurance coverage, extra-contractual liability, and the suretys relationships with obligees, principals, subcontractors, suppliers, and other project participants.

This edition incorporates significant judicial decisions and other legal developments since the Fourth Edition was published in 2015. Drawing on the experience of surety attorneys and industry professionals, it offers practical guidance to help readers identify risks, assess competing response options, and manage defaults efficiently and effectively.

Bond Default Manual, Fifth Edition remains an essential resource for professionals handling performance bond claims and defaults.