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• W82799998 abstract "Writing in the December newsletter of the Fidelity and Surety Committee, Gary A. Wilson and Salil P. Patel consider actions against the federal government: For many years, a surety's right to pursue claims against the government has been a topic of heated debate. Whether sureties have asserted claims based on the doctrine of equitable subrogation, takeover agreements, assignments, or otherwise, the government has long maintained that sureties lack standing to pursue many of their claims, often asserting sovereign immunity. Sureties generally contend that they step into the of a contractor who has been terminated by reason of default and are equitably subrogated to pursue the claims of the contractor against the government. Sureties have asserted these claims through extensive legal precedent and contractual rights. The battle fronts continue to emerge, including the recent U.S. Supreme Court Department of the Army v. Blue Fox, 525 U.S. 255 (1999), and the decision of the Federal Circuit in Insurance Co. of the West v. United States, 243 F.3d 1367 (Fed.Cir. 2001). Equitable subrogation Equitable subrogation is the theory of recovery when a surety incurs losses through payments under its performance or payment bonds after default by the contractor. Under this theory, as used in Insurance Co. of the West, a surety is subrogated to the rights of the obligee, the payment bond claimants and the contractor, and on stepping into the shoes of a government contractor, may bring suit against the United States. In addition, a surety may pursue an equitable subrogation claim when a surety completes a project after the default of a prime contractor. Pearlman v. Reliance Insurance Co., 371 U.S. 132, 136-37 (1962). By completing the government's project, the surety is equitably allowed to maintain a claim when normally it would lack standing to sue the government. Travelers Indemnity Co. v. United States, 16 CI.Ct. 142, 153 (1988). In such instances, the recovery is generally limited to funds held by the government, funds improperly disbursed to a third party, or the amount of the contract balance. Balboa Insurance Co. v. United States, 775 F.2d 1158, 1161, 1163 (Fed. Cir. 1985). However, these limitations to equitable subrogation exist when the surety does not execute a takeover agreement with the government. It is well established that a completing surety that has executed a takeover agreement, incorporating the original construction contract, has greater rights to maintain suit against the government. Travelers, 16 Cl.Ct. at 153. Takeover agreements The mere execution of a takeover agreement, however, may not clear the path for a surety's claim against the government. In Appeal of Fireman's Fund Ins. Co., ASBCA No. 50657, 00-1 BCA 30,802, the surety sought an equitable adjustment based on pre-takeover agreement delays to the surety's principal as a result of the government's review of submittals. The Armed Services Board of Contract Appeals held that equitable subrogation did not entitle the surety to compensation for pre-takeover claims of the original contractor because there was no contract balance or improper disbursement at issue. While Fireman's is on appeal, the Claims Court in Travelers held that a surety that executed a takeover agreement had standing to pursue claims in excess of the contract balance. In Travelers, the surety, on the principal's default, entered into a takeover agreement with the government to complete the work under the original contract, which was incorporated into the takeover agreement. The takeover agreement provided for the balance of the original contract to be paid to the surety. After Travelers had performed a substantial amount of the uncompleted work, however, it discovered that the original contractor had completed only 75 percent of the work, while the government had led it to believe that 90 percent was completed. …" @default.
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• W82799998 title "Sureties' Rights to Pursue Claims against the Government" @default.
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