May 22, 2020 | Bid and Performance Bonds, Construction Bonds, Performance Bonds
On July 1, 2018, the modernization provisions of the Construction Act came into effect. In addition to various changes to the Construction Act which include Prompt Payment, section 85.1 introduced mandatory surety bonds for “public contracts” if the... 
Jan 21, 2019 | Construction Bonds, Performance Bonds
Establishing and following a rigorous sub-trade pre-qualification practice is a key part of risk management for all general contractors; however, the implementation of such a practice can be challenging at the best of times. The common rationale of ‘we know these... 
Nov 11, 2018 | Bid and Performance Bonds, Construction Bonds, Surety Bonds
In the construction industry, the difference between winning and losing a contract can come down to a fraction of a percent. Sometimes the difference can be the amount you are paying for your bonding. Generally, your surety company will outline your rates in a Terms... 
Oct 23, 2018 | Construction Bonds, Surety Bonds
On July 1, 2018, the first part of Ontario’s New Construction Act came into effect. The Construction Act is the most wide-ranging change of rules in the construction industry in Ontario since 1983. These broad changes are going to have a major impact on our industry.... 
Sep 10, 2018 | Construction Bonds, Surety Bonds
At FCA Surety, we understand that choosing a surety broker can be a challenging proposition as there are so many choices in today’s marketplace. As such, we have taken the time to prepare a list of the top 10 factors to consider when choosing a surety broker. ... 
Sep 4, 2018 | Construction Bonds, Lien Bonds, Surety Bonds
What is a Construction Lien? The building process can be complicated and usually involves many different players, including owners, construction companies, contractors, subcontractors and material suppliers. Unfortunately, the complexity of the process of construction...