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Surety

Surety
Benchmark's professional staff has assisted numerous Sureties throughout the United States in analyzing risk and limiting exposure. Specializing in the area of contract surety, Benchmark's experience and ability to provide thorough and independent investigations is unmatched in the industry. Particular services include:

Pre-Bonding Contractor Analysis
Review of Contractor's Financial Records
Interview and Assess Capabilities and Experience of Contractor's Ownership and Staff
Analyze Contractor's Past and Current Performance
Evaluation of Bids
Assistance to Underwriters in Evaluating Risk Factors Common to Bond Claims and Defaults

Early Exposure Analysis
Review of Budget and Job Cost Data
Investigation and Monitoring of Project Performance
Project Schedule Review
Facilitate Change Order Preparation and Negotiation
Maintain Project Relations to Minimize Claim Activity

Post-Default Investigations
Investigate Default or Termination
Prepare Cost to Complete Estimates
Prepare Bid Packages and Obtain Completion Proposals
Ratify Existing Subcontractors to Limit Exposure
Assist in Preparation and Finalizing Takeover and Completion Contracts
Monitor Completion Contractor for Maximum Cost Control
Investigate Latent Defects
Prepare and Negotiate Change Orders
Prepare Progress Payments and Assist in Obtaining Contract Proceeds
Maximization of Recovery and Subrogation

Payment Bond Claim Review
On-Staff Attorneys Insure Documented Timely Responses that Comply with Regulations
Broad Range of Consulting Experts to Handle Any Type of Payment Bond Claim
Claim Overflow and Outsourcing

Other Surety Related Services
Disbursement Control
Preparation and Defense of Construction Claims
Expert Witness Services on Surety Related Matters
Subdivision and License Bond Claim Investigations
Litigation Support
Free On-Site Seminars for Surety Underwriting and Claims Departments

Benchmark's staff has experience in providing these types of services to Sureties on hundreds of millions of dollars worth of construction projects including:

Airports
Aqueducts
Bridges
Casinos
Clubhouses
Colleges
Historical Renovations
Hospitals
Hotels
Laboratory and Science Buildings
Low-Income Housing
Military
Office Buildings
Parks
Prisons
Pumping Stations
Research & Technology Buildings
Roads & Highways
Public Schools
Private Schools
Residential Construction
Seismic Upgrades
Subdivisions
Swimming Pools
Telecommunication
Traffic Management Systems
Underground Utility and Fuel Systems
Universities
Waste Water Treatment Plants
Water Treatment Plants

With this type of experience, Benchmark can provide creative and cost effective assistance tailored to each particular project. No project is too large or too small.