200 payment bond claims. Over a dozen different buildings in various states of completion. Legal issues. Big trouble throughout the multi-project portfolio, including costly, unresolved drainage issues. Recently, Guardian Group, Inc.'s Surety Group was called upon to assist a surety who required assistance while dealing with a general contractor who was attempting to avoid termination while under a significant financial stress that...
Subsequent to our client's principal being terminated, Guardian Group, Inc.'s Surety Group was engaged to investigate, and complete a federally-administered project at the San Ysidro Land Port of Entry (SYLPOE) that involved the construction of a new 804-feet pedestrian bridge to span I-5 (30 lanes of traffic) and connect the Customs and Border Protection facilities at the US/Mexico border. The...
Surety claims overload? When sureties of every size, but especially the smaller and medium-sized firms, face an onslaught of surety bond claims, the question of whether to outsource your claims frequently arises. Whether resulting from a single claim from a large General Contractor or from multiple bonds, you have a whole slew of factors to consider, not the least of...