By its very nature, surety is a conservative industry. Even the name implies exacting calculation in an effort to be “sure.” At Guignard Company, we believe An Uncommon Bond is all about knowing when to be conservative and when to take a risk on something that is out of the box or “something that’s never been done before.”
So how does our approach translate into the real world? Here are a few examples:
When just about every surety in the industry said “no,” Guignard Company found a way to get a surety to say “yes” and provide a $19,500,000 completion bond on the Tampa Amphitheater for a publicly-traded entertainment company.
After a local contractor completed the sale of their business to a group of family members and their existing surety declined future involvement — even though their agent told them it wouldn’t be a problem — Guignard Company found two options for the new owners to consider and proceeded with executing their business plan.
After a local general contractor received a $12,000,000 change order on a $4,000,000 contract and the existing surety declined to bond the change order, Guignard Company stepped in with a surety to bond the change order. The contractor did exceedingly well and is still bonded by the surety that agreed to provide the change order.