Liberty seeks $5 million from Construction Co. over bond defaults

By Josh Liberatore (May 26, 2022, 6:46 p.m. EDT) – Liberty Mutual is seeking $5 million in damages from a construction company it says failed in its obligations on public works projects, telling a federal court in California that the company is dodging its bail bond obligations.

In a lawsuit filed Monday, Liberty Mutual Insurance said it and a subsidiary, Ohio Casualty Insurance, issued multiple payment and performance bonds to Dreambuilder Construction Corp. in 2020 in connection with work the company was doing for the California Department of Transportation, or Caltrans.

However, Dreambuilder breached its obligations under the bonded contracts and has since been using the money it earned from projects with Caltrans…

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