The Oregon Bond Claim Notice plays a vital role in protecting the rights of contractors, subcontractors, and suppliers involved in construction projects within the state of Oregon. This legal document serves as a formal notice to inform property owners, general contractors, and bonding companies that a claimant has not been paid for providing labor, materials, or services on a construction project. When filing an Oregon Bond Claim Notice, it is crucial to include certain essential information. This includes the claimant's name and contact details, a detailed description of the work performed or materials supplied, the date when the work or material was last provided, the total amount owed, the name of the project owner, the general contractor, and the bonding company involved. There are different types of Oregon Bond Claim Notice, depending on the claimant's role and the specific circumstances. Here are a few notable types: 1. Subcontractor Bond Claim Notice: This notice is filed by a subcontractor who has not been paid by the general contractor. It allows the subcontractor to make a claim against the payment bond held by the general contractor to ensure the subcontractor receives the payment they are owed. 2. Material Supplier Bond Claim Notice: This notice is submitted by material suppliers who have not been compensated by the contractor or subcontractor for the materials they have supplied to the project. It enables these suppliers to seek payment through the payment bond held by the general contractor. 3. Laborer Bond Claim Notice: This notice is filed by laborers who have not been paid for the work they have performed on a construction project. Like subcontractors and material suppliers, laborers can use the Oregon Bond Claim Notice to claim their owed payments from the payment bond. 4. Equipment Rental Bond Claim Notice: This type of notice is utilized by equipment rental companies who have provided machinery or equipment for a construction project but have not received payment. It enables the rental company to make a claim against the payment bond to recover the rental fees. Submitting an Oregon Bond Claim Notice is a fundamental step in protecting the rights and securing payment for contractors, subcontractors, suppliers, and laborers involved in construction projects within the state. By understanding the different types of bond claim notices, claimants can assert their rights and seek the compensation they deserve.
Oregon Bond Claim Notice
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How to fill out Oregon Bond Claim Notice?
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FAQ
While two years is the general time limit to file car accident claims in California, some exceptions can shorten or extend the amount of time you must take legal action. Let us say your crash was caused by a failure to maintain state or city roads. You could have a valid legal claim against a local government.
You must use the CCB's claim form. OAR 812-004-340(1). You can only claim damages for the time the contractor was licensed with the CCB. OAR 812-004-320(3).
If the surety does not voluntarily pay the claim, a lawsuit must be filed against the payment bond surety as follows: (a) if the public entity files a notice of completion or cessation notice, thirty (30) days six plus (6) months after the notice is filed or (b) if neither a notice of completion or cessation is filed, ...
Bond Claim Deadlines Must file suit against the surety if claim remains unpaid, and suit must be brought no later than 6 months from the expiration of the Stop Notice period.
Consumers must file surety bond claims with the surety company that wrote the bond within specified time frames. The CSLB does not process claims against surety companies. Surety companies will investigate any claim filed against a bond, and the CSLB will investigate any complaint filed against the license.
The maturity date refers to the date when the principal amount of an investment, such as a bond, note, or other debt instrument becomes due and is repaid to the investor. Such a maturity date is typically printed on the certificate of the investment instrument in question and is set when it is issued.
