To be effective for sureties, SCS understands that we need to know more than the construction life-cycle. We need to understand the nuances of suretyship. SCS is able to define the limits of the surety’s liability while maintaining a strict adherence to the original contract and bond. We also understand that its paramount for sureties to have accurate data for planning and accounting purposes. This requires a cost-to-complete analysis that doesn't contain gaps or inadequate projections. SCS will happily provide you references relating to our track record of consistently providing sureties accurate and trackable cost-to-complete projections. At the sureties request, we also monitor projects and provide rolling project status reports that give you a vivid picture of the present while providing probabilities of potential future issues.
Payment bond claims can be overwhelming, complex and require responses within short periods of time. We've developed a simple and repeatable process that categorizes and prioritizes claimants. This helps keep the project moving forward with minimal contractor/vendor frustration and allows the surety time to deal with higher level issues. If the surety wants us to review and settle payment bond claims, we have a quick and efficient system for that as well. We cross-reference documentation provided by the claimant, principal and obligee to determine the validity of each claim. Our analysis is then checked for quality control which virtually eliminates the risk of overpaying legitimate claims while dismissing spurious ones. We keep rolling, detailed reports that keeps the surety informed on the status of each payment bond claim.
Bridges • Dredging • Wastewater Treatment Facilities • Police Stations • Fire Stations • Prisons • Parks and Playgrounds • Sewer Distribution Systems • Tunnels • Subway Construction • Airports • Public Housing Communities • Schools • Hospitals • Hotel / Motel Construction • Athletic Fields • Mechanical / Electrical / Plumbing Construction • Security Networks • Ice Rinks • Swimming Pools
Electrical • Mechanical • Security • Cooling Systems • Curtainwall • Subdivision • Landscaping • Elevator • Sitework • Roofing
Takeover Agreement • Tender Agreement • Tri-Party Agreement • Post Default Agreement • Financing Agreement • Funds Control Agreement • Ratification Agreement • Assignment and Assumption Agreement • Subcontract Agreement • Purchase Order Agreement • Completion Contract • Construction Management Agreement • Tolling Agreement • Lien Waiver and Release Agreement • Settlement Agreement • Confidentiality Agreement • Claim Acknowledgment • Proof of Claim Form • Acknowledgment of Default • Assignment of Contract Proceeds • Letter of Direction • Principal Claim Verification • Denial of Claim • Project Report • Purchase Order Form • Change Order Form • Certified Payroll Form • AIA Forms • Document Request Form • Notification to Indemnitors • Consent of Surety • Freedom of Information Act Request • Mechanics Lien