Sureties and insurance companies have benefited from BottomLine’s expertise in construction and construction management by utilizing our knowledge, skills and resources to defend against wrongful terminations and to facilitate a timely and economical project completion where defaults were justified.

Our “hands-on” experience uniquely qualifies us to perform surety and insurance required services such as:

• On call resources to handle small, large, simple and complex assignments
• Quick, thorough and economical investigations and development of facts
• Remaining work scope definition including cost and schedule to complete
• Identification and selection of qualified completion contractors
• Solicitation of bids and negotiation of fair pricing
• Implementation of procedures for controlling construction quality, cost, and schedule
• In-process monitoring of construction activities
• Establishment and administration of banking and financial affairs, including progress payment auditing and issuance of contractor, vendor, and supplier checks
• Preparation of management and financial reports
• Collection and processing of submittal documents, and facilitating timely processing by architects, engineers, owners and others to promote forward progress
• Change Order monitoring and control, pricing and schedule impacts analysis
• Implementation of a potential claim issues control procedure and the negotiation of fair pricing, cost and schedule impacts
• Assuring the collection and administration of project closeout documents and timely training of client employees
• Participation in dispute resolution and promotion of timely final payment
• Preparation of final project & financial reports

BottomLine experts have participated in the investigation and successful conclusion of surety problem projects involving:

• The defense of threatened and wrongful terminations
• The administration of defaulted contracts and subcontracts utilizing completion contractors
• Administering warranty work issues