/ ABOUT THE CLAIM One of Guardian’s surety clients called upon the company’s construction and engineering experts to consult on a major claim in the Southwest. The surety’s contractor-principal had bid and won a multimillion-dollar project for a county’s conversion of one of its municipalities from a septic to a city sewer system. This was a significant engineering project, one...
/ ABOUT THE CLAIM When a surety company exits the business, handling the claims run-off requires finding the right surety claims consultant, one with experience in all manner of surety claim types and projects. In addition to the technical, investigatory and administrative strengths required on all successful surety claims, run-off situations only exacerbate the need for sharp problem-solving, strong claim...
/ ABOUT THE CLAIM / While defaults of busy specialized subcontractors can often lead to simultaneous claims, when a major general contractor goes under (think billions of dollars in revenue, not mere millions), both the number of surety claims and the financial size thereof multiply proportionately. Such was the case when this global contractor’s hearty appetite for growth got the...