Fidelity & Surety Law Newsletter - Spring 2020
Dealing With The Construction Impacts Of COVID-19, by Michael A. Stover, Cynthia E. Rodgers-Waire and Thomas J. Moran - During this time of global pandemic, contractors and their sureties are facing familiar challenges, such as material shortages and labor inefficiency, but at levels unprecedented in scope and duration, as well as unique challenges in the form of stay-at-home orders and government shutdowns of construction work deemed “non-essential” business. This article addresses some of the issues that the surety industry will need to consider in order to navigate the inevitable contractor failures and increased bond claims arising from the impacts of COVD-19 on the construction industry.
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