Surety Claims
For over a decade, VERTEX has assisted contract surety providers in managing payment and performance bond claims throughout the United States. VERTEX specializes in traditional engineering consulting as well as completion contracting services. VERTEX’s talented management team treats every file with a constant sense of urgency in order to add value and mitigate surety loss.
Performance Bond Investigations
- Cost To Complete Estimating
- Cash Flow Analysis
- Reserve Calculation
- Termination Review
- Completion Strategy Development
- Ratification of Contractors
- Negotiation with Principals, Obligees, Subcontractors & Vendors
- Change Order Resolution
Payment Bond Claim Review
- Payment Bond Claim Analysis
- Settlement Negotiations
- Stop Notice Review
- Lien Review
Reprocurement Services
- Ratification of Contractors
- Bid Package Preparation
- Relet Administration
- Bid Result Analysis
- Assist Takeover Negotiations
- Assist Completion Contract Negotiations
- Outstanding Change Order Negotiations
- Inventory Stored Material
- Clean & Protect Site
Completion Services
- Bonded Completion Contracting
- Construction Management
- Interim Project Management
Closeout Services
- Punchlist Development and Completion
- Procure Warranties
- Commissioning & Start-Up of Systems
- Prepare O&M Manuals
- Prepare As-Built Drawings
- Collect Final Release
- Collect Remaining Contract Funds
Project Monitoring Services
- Full / Part Time Site Monitoring
- Project Monitoring Reports
- Payment Application Review
- Surety Disbursement Review
- Cash Flow Analysis
- Latent Defect Assessment
Scheduling Services
- Preparation of Project Schedules
- Analysis of Project Schedules
- Updating of Project Schedules
- Delay Claim Preparation using the following methods:
- Time Impact Analysis
- Windows Analysis
- As-Planned Analysis
- But-For Analysis
Disbursement Control
- Funds Administration
Dispute Resolution Services
- Expert Witness Testimony
- Affirmative Claim Preparation using:
- Actual Cost Method
- Total Cost Method
- Modified Total Cost Method
- Measured Mile Method
- Review Merits of Claim
- Discovery & Deposition Assistance
- Trial Exhibit Preparation
Additional Services
- Provide Insurance to Cover Lapses
- Document Warehousing
- Surety Run Off
