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R2021-150 Resolution Accepting the Bid and Authorizing the Execution of a Contract with Insituform Technologies USA, LLC for 2021 Trenchless Long Lining Repairs City Project 2021-28
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R2021-150 Resolution Accepting the Bid and Authorizing the Execution of a Contract with Insituform Technologies USA, LLC for 2021 Trenchless Long Lining Repairs City Project 2021-28
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8/22/2022 8:44:29 AM
Creation date
8/18/2021 12:56:34 PM
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Resolution/Ordinance
Res Ord Num
2021-150
Res Ord Title
2021-150 Resolution Accepting the Bid and Authorizing the Execution of a Contract with Insituform Technologies USA, LLC for 2021 Trenchless Long Lining Repairs City Project 2021-28
Department
Public Works
Approved Date
8/16/2021
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A W1 <br /> TRAVELERS Blake Messer <br /> �. .7 Managing Account Executive <br /> Travelers Bond <br /> (314)579-8309 <br /> (314)579-8388(fax) <br /> 940 West Port Plaza, <br /> Suite 450 <br /> St. Louis,MO 63146 <br /> May 5, 2021 <br /> RE: Insituform Technologies USA,LLC <br /> To Whom It May Concern, <br /> Insituform Technologies USA, LLC is a valued Travelers Casualty and Surety Company of <br /> America surety customer. Travelers Casualty and Surety Company is one of the most financially <br /> sound insurance companies in the United States and enjoys a Best Rating of A++ with financial <br /> strength category of XV, the highest rating awarded. <br /> Due to Insituform Technologies USA, LLC's reputation, technical expertise, financial strength, <br /> quality equipment and experienced labor force, Travelers Casualty and Surety Company of <br /> America is prepared to execute performance and payment bonds for single jobs in the <br /> $250,000,000 range with an aggregate work program of$700,000,000. <br /> Over the course of Travelers Casualty and Surety Companies relationship with Insituform <br /> Technologies USA, LLC we have never had a complaint as respects any of their workmanship or <br /> a question as to their ability to perform on any project. Additionally, Insituform Technologies <br /> USA, LLC pro-active approach to a safe worksite and a safe labor force enables owners to rest <br /> assured that a safe work environment will be provided. Insituform Technologies USA, LLC has <br /> not cause Travelers Casualty and Surety Company of America any bond claims over the past five <br /> years. <br /> Should a project be awarded to and accepted by Insituform Technologies USA, LLC we are <br /> prepared to consider providing the required bonds on their behalf. Any bonds are subject to <br /> acceptable review of the contract terns and conditions, bond forms, confirmation of financing, <br /> and any other underwriting considerations at the time of the request. It should be understood that <br /> any arrangement for bonds is strictly a matter between Insituform Technologies USA, LLC. and <br /> Travelers Casualty and Surety Company of America. We assume no liability to third parties or to <br /> you if for any reason we do not execute said bonds. <br /> Please feel free to contact me if you have any specific questions regarding Insituform <br /> Technologies USA, LLC or their surety bond program. <br /> Regards, <br /> TRAVELERS CASUALTY AND SURETY <br /> COMPANY OF AMERICA <br /> Blake Messer <br /> Managing Account Executive <br />
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