Joe Agnello Unable Quotations

They had gotten complaints from subcontractors and vendors who were not getting paid in a timely manner. As the complaints became more frequent, it was a sign the contractor was having some serious problems and would be unable to fulfill their obligations. That is when it reached the point to protect the commission's interest and take the steps necessary to get the project finished.

As any bidder, Smith & Johnson was required to secure services of a bonding company in the role of an insurance company. If for whatever reason the contractor is unable to perform, the bonding company steps in and takes over responsibility for the work.

The company has gone out of business. They've not been able to stay financially afloat and are unable to do the work they've been contracted to perform.