Framework · 24:30
// THE QUOTE
“it's different than insurance it's not a frequency scenario when surety companies pay out”
Severity-not-frequency insight: real claims dollars only flow on insolvency; most disputes get worked out short of default. Insider and self-contained.
Full episode at 24:30Construction Bonds Explained: How Surety Pre-Qualification Works in Atlantic Canada (Intact & FCA Surety) ▸
THE LESSON THIS CLIP CARRIES
Nine out of ten potential bond claims are resolved before a formal default letter; the surety’s involvement often breaks the impasse without payout.
“nine times out of ten any potential bond issue claim issues are resolved before we even receive a letter”
THE CHAPTER IT LIVES IN
Contract Type Risk: Lump Sum vs. Design-Build vs. CM
24:10
Clips like this, every two weeks.
SOURCE: 24:30 of Construction Bonds Explained: How Surety Pre-Qualification Works in Atlantic Canada (Intact & FCA Surety)