SERVICES

VERTEX has Experts that Talk the Talk and Walk the Walk.

Unlike others, VERTEX provides forensic consulting alongside traditional AEC services which allows for a 360 degree view of your project.

VERTEX Services

Experts

Need an expert for your case?

Our forensics experts work alongside AEC specialists which enhances our skills and bolsters the credibility of our expert consultants.

Find an Expert

Portfolio

VERTEX delivers innovative solutions on complex projects globally.

Since 1995, VERTEX has completed over 90,000 projects.

View Portfolio

INSIGHTS

VERTEX believes in a Lifetime of Learning philosophy.

Stay current with our industry experts as they share their insights and knowledge on the built environment.

View Insights

Grow Your Career

Join Our Team

VERTEX is looking for talented individuals to join a highly technical team of forensic consultants, design engineers, construction managers, and environmental scientists.

Learn More

Contact Us

Have a question or want to speak with a technical professional?

VERTEX is a multi-discipline firm with global coverage. Our international network of resources enables us to provide multi-national clients with the most qualified local professionals who understand the culture, language, and regulatory framework.

Call Us: 888.298.5162

Call Us

Call us at 888.298.5162.

Surety Consulting for Civil Utility Contractor Bankruptcy

Project # 74351

Surety Consulting for Civil Utility Contractor Bankruptcy

Surety’s bonded principal, a civil utility contractor located in North Texas, started having signs of financial instability in February 2021. The principal had 16 bonded projects totaling approximately $9MM in billable work with only $2.5MM complete. VERTEX was asked to perform a Forensic Books and Records Review, and site visits to each of the project sites from March through June of 2022.

The Principal filed for Chapter 11 Bankruptcy in July, 2022. VERTEX assisted the Surety and outside counsel argue for freezing funds of the bonded projects immediately and was able to provide to the Court evidence that the Principal provided inaccurate documentation for overhead and salaries. This allowed the judge to rule in favor of the Surety for their MSJ to direct all Obligees to send all contract proceeds to Surety, rather than allowing Principal to secure contract funds. VERTEX proceeded to assist Surety with relets and tender agreements for ten of the remaining open projects.

Reytech Services LLC

Back to Projects