/ ABOUT THE CLAIM, CASE, OR ISSUE: The developer of a high-rise apartment building had filed suit against its general contractor. In addition to typical construction defect allegations there was widespread noise complaints which had led the developer to believe its contractors had built thin, under-insulated, or otherwise faulty walls. From the day of move-in and onward, tenants complained they...
/ ABOUT THE CLAIM The Guardian & YA Group Surety Team received an urgent call from one of its longstanding clients. The obligee on the $1.5MM bonded project was a municipal waterworks district, and the covered project was the installation of waterlines and valve train assemblies which would transport chemically pretreated water from a lake reservoir to a nearby...
/ ABOUT THE CLAIM A prominent surety reached out with an unfortunate situation on its hands. Their principal had fallen way behind on a bonded project: the complete upgrade and installation of a school-wide fire suppression system. The surety’s claims department sensed an imminent termination by the obligee and subsequent bankruptcy declaration by their principal. ABOUT THE INVESTIGATION Upon immediately...