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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: A tiny grocery market had claimed widespread water damage in the wake of Hurricane Dorian. This powerful event that besieged Southeast Florida in the first week of September, 2019, contained large outer rain bands and produced wind gusts of tropical storm force. According to an industry storm events database, a peak storm surge of 1-2 feet occurred...
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...
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