PANEL

Surety Bonds: What You Need to Know to Avoid Insolvency Issues and Practical Tools for Your Project

February 25, 2021 5:00pm

Chris Burr
Partner
Blake, Cassels & Graydon LLP

Steve Ness
President
Surety Association of Canada

Jamie Olsen
Legal Counsel
Graham Construction

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