Payment & Performance Bonds

When default occurs, Payment and Performance Bonds carry a sizable risk. Immediate action must be taken to avoid unwanted losses. Stuart Allan & Associates, Inc. is the only collection agency in the United States with the ability, knowledge, and expertise to handle surety claims in an open or closed status.

We have the staff and skill to:

Collaterize Losses

Secure Promissory Notes

Establish and Facilitate Payments

File Deeds of Trust

Enforce Collateral

Secure Compensation Prior to Payment of Bond

Recover funds Paid Against Bond

Locate Non-Stuart Allan Contract Proceeds

File Assignments of Proceeds Against Non-Stuart Allan Jobs

File Diverse UCC Documents

Our agents perform on site inspections to ascertain job status. Contractors are located and made aware of the consequences of non-compliance. By addressing performance failures in a timely manner, we are able to minimize your damages and reduce losses. To expedite the release of contract proceeds due to incomplete punch lists, we contact project managers and accelerate unfinished work. Stuart Allan & Associates, Inc. will coordinate or spearhead all recovery and/or investigative aspects of your claim with both your claims analysts and attorneys.