Services
Services for Project Owners (Obligees)
Core Services
1
Prequalification & Surety Strategy
- Review contractor financial strength, backlog, and capacity
- Assess adequacy of bonding program and limits
- Advise on optimal bond structure (performance, labour & material, custom forms)
2
Tender & Contract Advisory
- Identify gaps in wording that may impair claim recovery
- Align contract terms with surety expectations
3
Surety & Contractor Risk Assessment
Evaluate:
- Single project exposure
- Geographic / market concentration
- Subcontractor reliance
- Stress test contractor liquidity under adverse scenarios
4
Construction Monitoring
Ongoing review of:
- Cost-to-complete vs. remaining contract value
- Schedule performance
- Change order exposure
- Early warning indicators of distress
5
Claims & Default Advisory
Step-by-step guidance during contractor distress or default
Strategy on:
- Surety engagement
- Mitigation options (tender completion, financing, takeover)
- Maximize recovery under bond
Services for Contractors (Principals)
Core Services
1
1. Bonding Capacity Optimization
- Analyze financial statements from a surety perspective
- Identify constraints to program growth
Advise on:
- Working capital improvements
- Backlog management
- Equity / subordinated debt strategies
2
Surety Relationship Management
- Prepare underwriting submissions
- Support meetings with sureties
Align messaging around:
- Strategy
- Risk controls
- Project execution
3
Work Program & Risk Structuring
Evaluate project mix:
- Size vs. capacity
- Type (lump sum vs cost-plus)
- Geography and owner concentration
- Optimize backlog composition
4
Financial & Operational Advisory
Improve:
- WIP reporting accuracy
- Cost forecasting
- Margin fade risk identification
- Build internal controls to satisfy surety scrutiny
5
Distress & Turnaround Support
- Liquidity management strategies
Negotiation support with:
- Sureties
- Owners
- Lenders
- Avoid or manage default scenarios
Services for Surety Companies
Core Services
1
Underwriting Support
Independent review of:
- Financial statements
- Cash flow projections
- Work program risk
Identify red flags:
- Margin erosion
- Aggressive revenue recognition
- Overextension
2
Large / Complex Risk Assessment
Deep dive into:
- Mega-project exposures
- Joint ventures
- P3 / infrastructure deals
- Evaluate contract structures and risk allocation
3
Portfolio Risk Monitoring
- Ongoing assessment of bonded contractors
Identify systemic risks:
- Commodity exposure
- Market cyclicality
- Geographic concentration
4
Claims Advisory & Loss Mitigation
Support during defaults:
- Completion strategy analysis
- Cost-to-complete validation
- Recovery maximization
Independent view on:
- Financing vs takeover vs tender
5
Co-Surety & Syndication Advisory
- Allocation of risk among multiple sureties
Structuring of:
- Participation percentages
- Reinsurance / fronting arrangements