Joe Agnello

The company has gone out of business. They've not been able to stay financially afloat and are unable to do read more

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.

This is the reason we used asphalt instead of concrete for the road surface. It's easier and less costly to read more

This is the reason we used asphalt instead of concrete for the road surface. It's easier and less costly to repair asphalt rather than concrete roads.

As any bidder, Smith & Johnson was required to secure services of a bonding company in the role of an read more

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.

They had gotten complaints from subcontractors and vendors who were not getting paid in a timely manner. As the complaints read more

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.

This is uncharted water here; this is the first time the turnpike commission has done this. I don't even know read more

This is uncharted water here; this is the first time the turnpike commission has done this. I don't even know if it would be feasible for the bonding company to take over (Smith & Johnson). There may not be any employee infrastructure to use.