ABOUT THE CLAIM When a surety company received a warranty-related claim on a performance bond they had written, Guardian Group’s Surety Group was called in to help assess and ameliorate the situation. The principal was a concrete contractor who had won the city’s pool project. Not long after project completion, the municipality-obligee began receiving reports from residents as well as...

    Recently, one of Guardian Group, Inc.'s long standing surety clients called on our experts for support with a claim. On this particular claim, involving the construction of a large community pool facility, the principal hadn't completed various punch list items, and as a result the obligee was holding over $100,000 in retention and final payment. Improper installation of the...