Folks last month the T-P’s Hammerman reported Camp Dresser McKee kicked Benetech off the Plaquemines Parish Jail Project but that Benetech had retained the Army Corp of Engineer contracts to storm proof 8 pumping stations in metro New Orleans. In a way he is right that Benetech is still on the job but that is in name only as yesterday Benetech’s surety, Zurich filed suit against Benetech, Aaron Bennett and his father Bill Bennett to enforce the indenmity agreement the Bennett’s signed with Zurich to secure Benetech’s bonding program. A looksie at the suit indicates to me Benetech stiffed various subs on the Pump station job and the surety has taken it over. Payouts by Zurich on the project to date total almost $3 million dollars and counting.
This can go 2 ways folks. Sometimes the surety will keep the insolvent contractor on the job as they know the project best and simply take over handling the money part of the project including collection of the progress billings. Other times the surety will hire another contractor to finish the project. Given the new suit I think Benetech is not affiliated with managing the buildout of these projects.
Click the pic below to get the pdf of the complaint and first exhibit. Hat Tip Duris on Twitter. Continue reading “Benetech still working Army Corp of Engineer Jobs?? Not exactly Mr. Hammerman…..”
Think again Buttercup. Pearl River Community College. located around 40 miles away from the coast in Poplarville is still figthting their private insurer Zurich to cover Katrina losses under their wind policy. Here is a hint for Dr Lewis, you’re wasting your time with endless arbitrations. If the institutions policy has an appraisal provision use it.
Dumbest move ever in history of Katrina litigation goes to Lexington Insurance for letting this claim ever reach the point of litigation, much less letting it cool its heels in State court – Gollott v Lexington.
What makes the move dumb is not the fact that Tommy Gollott is the longest serving member of the State Legislature and an all-around great guy, it’s that you simply don’t threaten Senator Gollott. He served 40 years as a Democrat, a powerful one at that, but serves his current term as a Republican.
Gollott said he made his decision to switch because of the threat by the State Executive Committee of the Mississippi Democratic Party to decertify any nominee who has supported a Republican in the past.
A successful businessman, Gollott has the money to go the distance. IMO, however, this one is going to cost Lexington some money – it’s just a question of how much but it will be a lot.
Moving on to surprise moves brings us to Rebecca Mowbray’s rah-rah story on Zurich Insurance. Continue reading “SLABBED Daily – April 23 UPDATED 2X”