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Construction Lien Act: A Guide to Protecting Your Rights
A Canadian Surety Bond Perspective for Contractors and Developers. “Time is money” – something you’ll hear frequently in the Canadian construction industry. Delayed payments can spell disaster for some businesses. Whether you’re a general contractor, subcontractor, or supplier, understanding how to protect your right to payment is critical. That’s where the Construction Lien Act comes in. But what happens when a lien
What is the Meaning of Bondable in Canada? The “3 C’s” of Surety
Surety bonds play a crucial role in various industries and sectors across Canada. They provide a level of financial security and guarantee that a business or individual will fulfill their contractual obligations or responsibilities by
How Subdivision Bonds Free Up Capital for Developers
In the property, real estate, and subdivision development industries, capital plays a vital role in driving progress and growth. However, developers often find themselves burdened by the requirement to provide Letters of Credit (LOCs) as
Navigating CARM: Understanding RPP Bonds for Importers
Whether you’re a domestic importer or a foreign entity, navigating the constantly evolving import requirements in Canada can be difficult. That’s why we’ve developed a comprehensive guide on navigating the Canada Border Services Agency’s CARM
Administration Bonds: A Comprehesive Guide for Canadian Lawyers
As legal professionals, lawyers play a crucial role in protecting their clients’ interests and ensuring compliance with legal requirements. In certain situations, lawyers may need to pursue Administration Bonds on behalf of their clients. In
Why Should My Business Be Bonded?
As a business owner, you’re always looking for ways to protect your company’s interests. One important way to do this is by getting bonded. A surety bond is a legally binding agreement between three parties:
What Does Artificial Intelligence Mean for the Surety Industry?
An Introduction to OpenAI and ChatGPT OpenAI is a leading artificial intelligence research laboratory that is widely known for its innovative approach to machine learning and natural language processing. One of the tools developed by
Bitcoin as Equity for Canadian Surety Bonds
An Introduction to Bitcoin (BTC) Bitcoin (BTC) – depending on whom you ask, you’re going to receive a variety of responses as to what it is exactly: A cryptocurrency A store of value Digital gold A
New To Bonding? An Introduction to Surety
Basics of Surety Bonds in Canada Surety bonds play a crucial role in the Canadian economy by providing a guarantee for the performance of specific actions agreed upon in a contract. Bonds are not insurance