// ABOUT THE CLAIM The YA Surety Team was called in by the surety backing an almost $10MM bonded project after the general contractor defaulted. The construction project involved the conversion of a long‑vacant warehouse on an active military base in the Southeast. The end goal: modern office lofts. Adaptive reuse projects like this are common in government and military...
/ ABOUT THE CLAIM / The character Forrest Gump in the movie of the same name famously celebrated his mother’s wisdom when he repeated her lesson to him, “Life is like a box of chocolates. You never know what you’re going to get.” Similarly, when a surety exits the business, often Guardian Group, Inc. is the one called in to...
/ ABOUT THE CLAIM: Not long ago, the Surety Claims Team at Guardian and YA Group had an opportunity to really come through for a surety client. The municipal authority responsible for a courthouse in the West had required a $10 MM bond for the structural steel subcontractor and the obligee had grown extremely concerned about the workmanship and the...