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Surety Bonds and Construction Insurance Archives

Imposing Third-Party Requirements on Construction Managers and Contractors

With a few exceptions, on each project on which we represent a developer, the developer enters into agreements with a lender, a landlord, or both. While the developer may be able to fulfill the obligations imposed on it pursuant to the terms of such agreements, problems may arise when those agreements impose obligations on third-parties, including construction managers and contractors. Based on the foregoing, we are available to work with our clients in negotiating construction-related provisions in loan agreements and leases.

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