Surety and Fidelity Claims
Leveraging our knowledge of construction accounting and contract claim analysis, JHS CPAs, LLP often assists surety claim departments with early analysis of bonded principal sources and uses of cash and computation of reserve requirements.
Our experienced CPAs assess the quality of the contractor’s accounting reports, systems and personnel and recommend alternative solutions that play into the decision of whether to finance or explore alternative methods of bonded contract completion.
Ongoing monitoring by JHS of contract progress, billing collections, claim payment, and completion costs provides the necessary information sureties need for possible course corrections throughout the remaining contract life.
JHS also provides trustee service with the aid of a local regional bank assisting sureties with prompt payment of claims after verification of work, approvals and appropriate releases are obtained.
Our fidelity claim consulting has occurred in a variety of industries such as retail, manufacturing , medical, professional services and bankruptcy trustees. We strive to respond promptly to client requests and deliver a timely report on the results of our investigation.