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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...
  Recently, Guardian Group, Inc.'s Construction Defect Group was brought into a case between a General Contractor (GC) and the building's owner. The first of two dozen buildings had gone up at this Northern California office campus, with this one being approximately 30,000 square feet, and already occupied. Unfortunately, water and water damage were evident throughout the interior spaces upon...
Often times, a surety will elect to assist with contractor financing in an effort to mitigate claim losses. Such was the case on one of Guardian Group, Inc.'s files that involved a painting contractor in the Southwest. This large firm had several jobs open simultaneously, and the principal was experiencing cash flow problems. Many of the company's bonded projects, each...
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