For Sureties in search of greater surety, there’s Greater Assurety©
As contract performance bond claims became increasingly complex issues, Guardian developed Greater Assurety©, an exclusive four-point program that facilitates ongoing review and the monitoring of all risk areas. Clients may select from any of the services offered or may choose instead to enroll in the comprehensive program. Either way, the services were designed to be interchangeable and complementary to one another. Learn more about how we help you protect project schedules and your bottom line by clicking on these four pages:
Our pre-bonding evaluations prove: sooner is not only better, it’s safer and more economical, too.
As projects become more complicated, underwriters face ever-increasing challenges in determining a principal's capabilities. A pre-bonding evaluation by our technical experts helps prevent sureties from bonding principals who are exhibiting even the subtlest signs of difficulty. You can request an evaluation of a principal or project before a bond is ever issued. Our services include:
- Credit relationship investigations
- Prior surety experience investigations
- Banking relationship investigations
- Management investigations
- Principal accounting and financial reviews
- Indemnitor accounting and financial reviews
- Bid evaluation and assistance
- Cost estimate reviews
- Budget reviews
- Cash-flow analysis
- Contractual commitment investigations
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Disbursement Control isn’t just about checks. It’s all about double checks and triple checks, too.
Guardian’s Disbursement Control Services insure that construction funds are disbursed from an independent third party and specifically directed to the bonded project. Synchronizing payments with objectively verified completed work remains the best way to instill new levels of accountability and efficiency. The degree of our involvement relies solely upon your discretion. Services include:
- On-site job inspections
- Direct application of project funds
- Itemized project accounting
- Specialized surety requirements
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Some may think it’s none of your business. But we’ve made protecting your business our business.
Because the ability to identify problems before they become financially threatening plays such a critical role in your success, investigations comprise a major thrust and strength of our pre-default services. When an obligee notifies the surety of project delays, or when a subcontractor or supplier serves notice to the surety for non-payment, the principal may be in trouble. We can pinpoint these problems and expedite corrections before a default, saving you both time and money. Services include:
- Background investigations
- Exposure evaluations and estimates
- Recovery identification
- Project status evaluations
- Specialized surety requirements
- Schedule to complete reviews and estimates
- Work quality and control evaluations
- Change order review and recommendations
- Contractor cost system evaluations
- Work methodology reviews and recommendations
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Guardian’s Post-default Investigations ask: who, what, where, when, why, and how are we going to get this project back on track?
Guardian distinguished itself decades ago for our ability to respond to problems quickly and decisively, demonstrating our ability to reduce surety losses. Often, it isn’t enough to determine what went wrong. You need a partner who helps make things right, compensating for any lost time and money. The key to our successful track record rests in the depth of analysis and expert execution only Guardian can provide. Our service to you may include:
- Default and termination investigations
- Cost-to-complete reviews and estimates
- Bid procurement
- Project relet
- Principal or relet contractor monitoring
- Settlement negotiations
- Specialized surety requirements
- Principal affirmative claim and defensive claim analysis and preparation
- SBA audit coordination and support
- Errors and omissions reviews
- Accounting and financial reviews
- Financial and operations monitoring
- Project management monitoring
- Project completion
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