Recent Questions & Answers About Illinois Bond Claim
We Filed a Bond ClaimWe 're a Manufacturer supplier, and supplied material to a DBE company that supplied material to a sub-contractor. The DBE company had filed for Bankruptcy Chapter 11. The material was shipped on 9/30/2021. (This is for a Illinois state Tollway job.) We did file a Bond Claim. I'm not sure...
Time Frame for a Prime to submit a subcontractor's invoiceI have a question regarding the Prime's delay in submitting a subcontractor's invoices to a vendor for payment. My business provided work for a Prime contractor. They are now rejecting invoices that are over 1 year old, even though we submitted these invoices in a timely fashion. Is there...
What other recourse do we have after time lapseWe are material suppliers in MO, supplying material to a Bonded job in Illinois. I know we normally have 90 days to file against a bond, but this job is well past that point and with only having retainage left, the GC is now filing a lawsuit against the owner. It is well past the 6 months as well,...
How do I file a claim on a construction bond?am the owner whom had fire claim with the insurance. We used their preferred vendors for the entire process. The restoration of our home went 5 months over our relocation budget, was not to specifications we requested, unfinished in some areas and have had to be repaired in several places. The...
How do I file a claim on a construction bond?I am the owner whom had fire claim with the insurance. We used their preferred vendors for the entire process. The restoration of our home went 5 months over our relocation budget, was not to specifications we requested, unfinished in some areas and have had to be repaired in several places. The...