In the complex world of construction and public works, project disruptions are sometimes unavoidable. When a bonded contractor defaults, sureties often face the responsibility of stepping in to complete the work. At D’Arcy Vicknair, we specialize in guiding sureties through the legal and practical challenges of project takeovers.
Our team provides experienced counsel on every phase of the takeover process—from investigating the default and evaluating completion options to negotiating takeover agreements, coordinating with completion contractors, and managing risk throughout the process. We also help resolve disputes with obligees and ensure compliance with applicable statutory and contractual requirements.
Whether the takeover involves a public infrastructure project or private development, our firm ensures sureties are positioned to fulfill their obligations while protecting their financial interests.