A mid-size building prime contractor in Georgia and Alabama has defaulted and requested help from its surety.
Columbus, Ga.-based D. Dean & Associates Inc. also had an office in Birmingham. Founder and President Danny Dean could not be reached for comment, but his company has apparently run into financial problems.
According to a version of a takeover agreement with the Alabama Public School Authority, the Shelby County Board of Education and surety Ohio Casualty Insurance Co., D. Dean & Associates had completed two-thirds of its work on a $3-million classroom addition and cafeteria project at Pelham High School.
With an original $2.979 million contract and $1.757 million in payments made to the contractor for completed work, the project had a work balance of $1.222 million remaining.