/ ABOUT THE CLAIM One of Guardian’s surety clients called upon the company’s construction and engineering experts to consult on a major claim in the Southwest. The surety’s contractor-principal had bid and won a multimillion-dollar project for a county’s conversion of one of its municipalities from a septic to a city sewer system. This was a significant engineering project, one...
/ ABOUT THE CLAIM / Not too long ago, Guardian’s surety claim experts were called in by one of the industry’s largest sureties for immediate support on a claim for which the bond amount at risk exceeded $18MM. Surety bond claims include not only traditional construction projects but computer engineering, I.T. systems and security, programming and software development, as well....
/ ABOUT THE CLAIM Recently, Guardian was asked to consult on a surety bond claim at a commercial facility in the Midwest. The bonded principal was an electrical contractor who had been awarded the $6 MM project due to his company’s specialized experience. When the obligee observed that progress was lagging, the surety was notified. In turn, the surety reached...