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ABOUT THE CLAIM: Not too long ago, one of Guardian’s longstanding surety clients called us regarding one of their bonded contractors, an extremely skilled electrician who had requested bridge financing and for whom they were concerned had overextended his company. Of the company’s 14 bonded projects, one of the largest was a 35,000 s/f facility that utilized a state-of-the-art smart...
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...
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