Surety Bonds: What You Need to Know to Avoid Insolvency Issues and Practical Tools for Your Project
Blake, Cassels & Graydon LLP
Surety Association of Canada
Many construction contractors are dealing with significant financial constraints this past year and some may face insolvency. This session will focus on surety bonds: why you need them, how they work, the claim process, and who needs to be involved.
- Understanding your bonding capacity and how it’s determined
- Ensuring you’re protected from contractor insolvency as companies struggle to recover from the effects of COVID-19
- How will the Companies’ Creditors Arrangement Act or Bankruptcy and Insolvency Act impact your projects?
- Identifying gaps in the process to arrive at sound and solid practices for contractors