the solvency of the principal at risk ...

Every surety is familiar with this scenario and the pressure to act decisively when time and information are at a premium. Owner demands, conflicting explanations from the principal and a continuous stream of subcontractor and supplier claims must be considered and evaluated. Sureties must have confidence that they can get accurate information as quickly as possible.

With nihill & riedley, the surety can be confident of receiving timely and reliable information needed to make informed decisions. We have the expertise to dissect complex financial information and the experience to understand the nuances of surety law and the construction industry. Above all, we have a proven reputation of judgment and integrity in assisting surety companies with:

  • Financial analysis of principal
  • Claims evaluation / administration
  • Indemnity investigations
  • Monitoring project progress / cost estimates
  • Litigation support
  • Reserve evaluation
  • Administration of trust accounts
  • Cash flow analysis
  • Identification of sources of recovery
  • Underwriting support