We are a construction supplier and have filed a non payment bond for a municipal project and still have not received payment. How do we take the next step in perfecting or foreclosing on the bond and what is the cost.
You need to have your situation reviewed by an construction attorney who can assist you with submitting your claim to the bonding company. Without knowing anything about your situation, it is impossible to predict the cost, but assuming your claim is legitimate and no issues are raised by the contractor or the bonding company, your claim could be perfected and get paid with a few letters and phone calls. For a more detailed quote, feel free to reach out to me directly at reese.henderson@gray-robinson.com.