Because the more I read. The more nonsense I uncover. The more time goes by and nothing gets resolved. Perhaps another class action lawsuit vs. TCA is the only way? Because of what they have done. How they have done it. How they have crushed this company. How they have damaged IHSI shareholders. How after 3 years IHSI STILL hasn't gotten justice? Perhaps this is the only way...
Get lied to. Sign a piece of paper. Nothing but grief in return. Owe lots of money. Lose everything. SMH.
Most public construction contracts require contractors or subcontractors to secure their bids by providing bonds that serve as a means of legal and financial protection to the client.
Without bid bonds, project owners would have no way of guaranteeing that the bidder they select for a project would be able to complete the job properly. For example, an underfunded bidder (e.g. Cresent) might run into cash flow problems along the way.
Those jobs have already defaulted.
There is no chance IHSI will ever receive any benefit from the $10.5 million in defaulted bids.