Challenge Overview
A longstanding surety client called on YA Group for support with a surety bond claim involving the construction of a large community pool facility. The principal hadn’t completed various punch list items, and as a result the obligee was holding over $100,000 in retention and final payment. Improper installation of the community pool’s deck coating created an unsafe, slippery condition. Additionally, various cracks developed in the pool plastering. This cracking would allow water to leak into the subsurface surrounding the pool. The principal subsequently went out of business and was unable to make the repairs.
YA Group’s Area of Impact
The client asked our consultants to investigate the claim immediately and make a recommendation to rectify the situation in the most cost-effective manner possible. YA has engineering and construction experience involving pools in general and, specifically, with gunite pool repairs. We also have a nationwide network of contractor relationships and are readily able to tap into local contracting expertise.
YA’s surety services team not only identified the right company for the repair work but also negotiated fair pricing, mitigating additional costs and charges. Additionally, YA’s surety bond claim experts worked alongside the former principal and the completion contractor to ensure timely, on-budget completion of the work. Within 60 days, all work itemized on the punch list was complete on this construction surety bond claim, including rectification of the unsafe pool deck courtesy of a first-rate, gunite-pro pool plastering job.
