Thread: Guarantee?
View Single Post
  #9 (permalink)  
Old 10-28-2008, 10:59 AM
Surety Insider Surety Insider is offline
Surety Claims Expert
 
Join Date: Jan 2008
Posts: 268
Default Ending pretty...

Here's another one that should be interesting to follow and serve as an example to those that come here to educate themselves on these matters.

In, "Terminal's overruns now part of lawsuits," it shows how the parties interact in an entire chain of events, from the public owner, to the smaller subcontractors, within the surety claims process.

The article states: "'Because of incomplete, inadequate, inaccurate and insufficient plans and specifications and untimely project administration (which went beyond mere lethargy and bureaucratic bungling) by POJV, Miami-Dade Aviation Department and Miami-Dade Aviation's architects, [Hensel Phelps] and its subcontractors' performance under both trade contracts was delayed, hindered, and actively interfered with, resulting in [Hensel Phelps] and its subcontractors' cost of performance increasing substantially,'' the lawsuit says."

But that is only one side of the story, of course.

The attorneys, surety consulting people and expert witnesses on all sides may have different views. As this story is updated, I'll post it here.
Reply With Quote