A 7MM bid spread prompted one of Guardian Group, Inc.'s largest surety clients to call upon our in-house experts. The surety understandably wanted to write a $19MM bond for their long-term contractor-customer, but the company and its underwriters were concerned that this contractor's bid was simply too low for the tasks at hand. ABOUT THE PROJECT The $50MM+ construction project...

Recently, the legal counsel at one of our nation's leading surety companies, a longstanding client of Guardian Group, Inc., requested expert litigation support from our Surety Group. Their bond covered site construction and underground utilities for a large shopping center, and our client knew Guardian's staff includes not only civil engineers with extensive experience in evaluating site design and utility...

ABOUT THE PROJECT   Military projects present unique contractual and construction issues. When liquidated damages (LD's) come into play, even more diligence is required. Such was the case when a large surety's principal faced obstacles with a design-build project (a series of storage bunker buildings for captured munitions) at a secure military installation. Because this was a design-build project, the...