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Mitigating Sub-Trade Risk through Surety Bonding

Mitigating Sub-Trade Risk through Surety Bonding

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...
Surety and Performance Bond Cost

Surety and Performance Bond Cost

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...
Bill 142: What’s in it for Sub-Contractors?

Bill 142: What’s in it for Sub-Contractors?

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....
Top 10 Factors to Consider When Choosing a Surety Broker

Top 10 Factors to Consider When Choosing a Surety Broker

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.  ...
Everything You Need to Know About Lien Bonds

Everything You Need to Know About Lien Bonds

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...
Why You Should Replace Your Letter of Credit with a Surety Bond

Why You Should Replace Your Letter of Credit with a Surety Bond

Aug 17, 2018 | Construction Bonds, Surety Bonds

It is a requirement of many businesses, big and small, to provide security to the government or other enterprises in the form of a Letter of Credit as a way of guaranteeing they will meet their performance obligations. However, keeping large sums of money tied up by a...
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Recent Posts

  • Deposit Insurance for Freehold Home Builders
  • Mitigating Sub-Trade Risk through Surety Bonding
  • Surety and Performance Bond Cost
  • Bill 142: What’s in it for Sub-Contractors?
  • Freight Broker Bonds (BMC-84)

Recent Posts

  • Deposit Insurance for Freehold Home Builders
  • Mitigating Sub-Trade Risk through Surety Bonding
  • Surety and Performance Bond Cost
  • Bill 142: What’s in it for Sub-Contractors?
  • Freight Broker Bonds (BMC-84)

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