One of the most unique and industry specific components of the JHS ManagementControl℠ Platform is SuretyControl℠, which at its essence is a lending relationship service. A service that has three facets:
- SuretyControl relationship with our clients is about providing them with the most thorough and accurate financial and audit statements that clearly and easily define the company’s risk profile. The net effect of this professional and clear presentation of financial information reduces the time for review and approval of bonding requests and/or increasing the amount of the bond our client will qualify for.
- The SuretyControl relationship with
surety agents is about trust, confidence and risk reduction. Surety agents often call on JHS to review confusing submissions and/or direct petitioners to JHS for help in preparing the financial documentation required in seeking a surety bond. The trusting relationship, shaped by years of positive performance, increases the business flow for surety agents while lowering their risk.
Risk is lowered because JHS informs decision makers with timely and accurate information on current status of bonded contracts, available funds, identification of subcontract and vendor obligations and critical projections of cash demands through completion of the bonded projects.
- The
SuretyControl relationship
with bonding companies is
about justified restitution.
In addition to a diligent
study of the cash
requirement associated with
claims or a potential bond
default of the defaulting
company, beyond what
underwriters may have
documented in the surety’s
financial file, JHS provides
the forensic accounting
expertise to identify all
assets and financial data to
maximize the financial
recovery for the bonding
company.
The JHS advantage stems from years of service to the construction industry consistent involvement in fidelity and surety claims organization training and educational seminars, and frequent interaction with surety claims professionals, legal counsel, and claims consultants.
For more information or to schedule an appointment, please call Mike Huhn at (925) 820-1821 or
.