ABOUT THE CLAIM: Not too long ago, one of Guardian’s longstanding surety clients called us regarding one of their bonded contractors, an extremely skilled electrician who had requested bridge financing and for whom they were concerned had overextended his company. Of the company’s 14 bonded projects, one of the largest was a 35,000 s/f facility that utilized a state-of-the-art smart...

ABOUT THE CLAIM: In the wake of Hurricane Sandy, FEMA made grants available to enable coastal communities advance warning and greater evacuation time. The grants were intended to fund the installation of tidal sensors, which sit atop constructed platforms both onshore and offshore. Our surety-client’s principal was awarded the project based on a too-low bid (about one quarter of the...

ABOUT THE CLAIM: On this performance bond claim, our surety-client had written a bond for which the obligee stood as one of our country’s largest and most respected general contractors and the principal served as the company’s concrete subcontractor. As you can imagine, a maximum-security facility incorporates a substantial amount of concrete, and the concrete work on this portion of...