Surety Contract Management

Buric specializes in evaluating and addressing the immediate and long-term needs of projects involving contract defaults and bond claim issues.

When circumstances result in a contractor default or termination, Buric thoroughly investigates the often complex and contentious issues and leads the reactivation of the halted construction process.

Surety services offered by Buric draw on a broad array of our staff’s management experience. Starting with the initial due-diligence investigation, working concurrently to resume the construction process, and finally monitoring the completion of the contractual commitments, Buric prides itself in customizing these services to meet the Surety’s needs.

We aid in the assessment of obligations, develop options, and quantify the unique exposures that confront the Surety. Our comprehensive services provide Sureties a step-by-step transition from default to completion, protecting the Surety’s interests by serving to help minimize the Surety’s financial risk through the project default steps:

• Due-Diligence Investigation Process
• Decision Making Process
• Re-let Process
• Resumption and Completion of the Work
• Resolution Phase