Surety Bond Quarterly - Summer 2015 - 29

Hartford and with the overall outcome," he added.
The story of Gaithersburg High
School demonstrates how a bond
producer can work with a surety to
help prevent a difficult problem from
becoming even worse.
"Even if C&H had been our only
client, we would have been able to
help, but because HESS is our client
as well, we were able to be even more
effective," said Aldo Pasquariello,
Hartford's quick payment of funds
for the subcontracted portions of the
work also helped Shapiro & Duncan
catch up.
"We had 60 men on the job the first
week to try to get things straightened
out," said Drury. "There were a lot
of long days and weekends, and
we topped out at 85 people on the
site. By the end of March we were
pretty much caught up and pushing
the job."
HESS completed the Gaithersburg
High School on time, and the school
opened to students at the start of the
new school year in August 2013. Its
client, Montgomery County Public
Schools, was pleased with the project's results.
"Having problems with a
$12-$13 million mechanical package
smack in the middle of a critical path
had all the elements of a catastrophe as far as schedule and HESS'
relationship with the client," said
Carpenito. "Insurance Associates
was working with The Hartford and
explaining to them very clearly what
the risks were."
"We recognized the urgency and
were able to expedite the rebidding
process to bring a new subcontractor on board in a very short time,"
said Judd.
"A month or two after the replacement was completed, you'd forget it
even happened. That's almost never
the case. You're usually struggling
the whole rest of the job because
of the impact that a critical path
default has on the overall project,"
said Carpenito.
"We were very pleased with
Insurance Associates, with The

CIC, Insurance Associates Executive
Vice President.
"With Steve Spencer going to the
meetings, it proved that a bond producer can add significant value in
these kinds of situations," he added.
"It's not that we're writing checks or
making decisions, but it definitely
helped to make everybody understand and be aware of what the downside was if things didn't happen the
way they needed to happen."
●

experience direction

BKD National Construction & Real Estate Group

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industry when the only certainty is change? BKD can help.
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Tim Wilson // National Industry Partner
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Table of Contents for the Digital Edition of Surety Bond Quarterly - Summer 2015

NASBP Upcoming Meetings & Events
2015-2016 NASBP Executive Committee
From the CEO - There is Poetry in Surety Claims, Surely
Practical Insights: What You Need to Know - Hiding in Plain Sight: Specifications as a Source of Risk
Profile: President Susan Hecker
Developing Your Leadership Vision
Liability Issues - Can Public Owners be Held Liable to Subcontractors and Suppliers for Failure to Require General Contractors to Obtain Required Payment Bond?
An Introduction to Probate Bonds
Class Act - Surety Team’s Cooperative Efforts Enable School to Open on Time
NASBP’s Attorney Advisory Council - Participants Opine on Current Risk Management Challenges and Business Opportunities
The AIA Describes Updated and Expanded Design-Build Documents Family
Contractor Practices That may Result in Construction Claims to Recover for Delays and increased Costs
NASBP Annual Meeting Speakers - Veterans can benefit private sector, but need help finding jobs
Index to Advertisers
Surety Bond Quarterly - Summer 2015 - cover1
Surety Bond Quarterly - Summer 2015 - cover2
Surety Bond Quarterly - Summer 2015 - 3
Surety Bond Quarterly - Summer 2015 - 4
Surety Bond Quarterly - Summer 2015 - 5
Surety Bond Quarterly - Summer 2015 - 6
Surety Bond Quarterly - Summer 2015 - 2015-2016 NASBP Executive Committee
Surety Bond Quarterly - Summer 2015 - From the CEO - There is Poetry in Surety Claims, Surely
Surety Bond Quarterly - Summer 2015 - 9
Surety Bond Quarterly - Summer 2015 - Practical Insights: What You Need to Know - Hiding in Plain Sight: Specifications as a Source of Risk
Surety Bond Quarterly - Summer 2015 - 11
Surety Bond Quarterly - Summer 2015 - Profile: President Susan Hecker
Surety Bond Quarterly - Summer 2015 - 13
Surety Bond Quarterly - Summer 2015 - Developing Your Leadership Vision
Surety Bond Quarterly - Summer 2015 - 15
Surety Bond Quarterly - Summer 2015 - Liability Issues - Can Public Owners be Held Liable to Subcontractors and Suppliers for Failure to Require General Contractors to Obtain Required Payment Bond?
Surety Bond Quarterly - Summer 2015 - 17
Surety Bond Quarterly - Summer 2015 - 18
Surety Bond Quarterly - Summer 2015 - 19
Surety Bond Quarterly - Summer 2015 - 20
Surety Bond Quarterly - Summer 2015 - 21
Surety Bond Quarterly - Summer 2015 - An Introduction to Probate Bonds
Surety Bond Quarterly - Summer 2015 - 23
Surety Bond Quarterly - Summer 2015 - 24
Surety Bond Quarterly - Summer 2015 - 25
Surety Bond Quarterly - Summer 2015 - 26
Surety Bond Quarterly - Summer 2015 - Class Act - Surety Team’s Cooperative Efforts Enable School to Open on Time
Surety Bond Quarterly - Summer 2015 - 28
Surety Bond Quarterly - Summer 2015 - 29
Surety Bond Quarterly - Summer 2015 - NASBP’s Attorney Advisory Council - Participants Opine on Current Risk Management Challenges and Business Opportunities
Surety Bond Quarterly - Summer 2015 - 31
Surety Bond Quarterly - Summer 2015 - The AIA Describes Updated and Expanded Design-Build Documents Family
Surety Bond Quarterly - Summer 2015 - 33
Surety Bond Quarterly - Summer 2015 - Contractor Practices That may Result in Construction Claims to Recover for Delays and increased Costs
Surety Bond Quarterly - Summer 2015 - 35
Surety Bond Quarterly - Summer 2015 - NASBP Annual Meeting Speakers - Veterans can benefit private sector, but need help finding jobs
Surety Bond Quarterly - Summer 2015 - 37
Surety Bond Quarterly - Summer 2015 - Index to Advertisers
Surety Bond Quarterly - Summer 2015 - cover3
Surety Bond Quarterly - Summer 2015 - cover4
Surety Bond Quarterly - Summer 2015 - outsert1
Surety Bond Quarterly - Summer 2015 - outsert2
Surety Bond Quarterly - Summer 2015 - 43
Surety Bond Quarterly - Summer 2015 - 44
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