Surety Evaluations
The growing complexity of construction
has significantly increased the potential for financially troubled
projects. CPMI helps sureties protect their interests by evaluating
possible construction default situations and payment bond claims.
To present the best options
related to bond obligations, we diligently investigate and document
the physical and financial status of the project, prepare a cost-to-complete
budget, and assess the ability of the principal to finish the
job, among other important factors. Our comprehensive recommendations
provide sureties with accurate information on which to base their
decisions.
Surety Evaluation Services
| Financial, Construction & Business Evaluations |
Payment Processing |
- Determine Status of Project
- Establish Cost to Complete
- Identify Surety Exposure
- Evaluate Principal's Operations
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- Analyze Pending Cost Changes
- Recommend and Certify
Payments
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| Performance Management |
Recovery Assistance |
- Oversee Rebid
- Review Termination
- Monitor Performance of Principal
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- Close Out Contract
- Participate in Negotiations
- Prepare Claim of Defense
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