Framework · 36:39
// THE QUOTE
“in the surety world the majority of contracts bid for government are stipulated price lump sum”
How CM-not-at-risk shifts sub-trade risk to the owner vs a lump-sum where it's the GC's problem. Contract-model literacy for builders.
Full episode at 36:39Construction Bonds Explained: How Surety Pre-Qualification Works in Atlantic Canada (Intact & FCA Surety) ▸
THE LESSON THIS CLIP CARRIES
Construction management not-at-risk contracts shift sub-trade default risk from the GC to the owner — a fundamentally different surety exposure than a lump-sum.
“if there’s a sub-trade issue that’s a gc’s problem whereas in a not-at-risk contract it becomes the owner’s problem”
THE CHAPTER IT LIVES IN
Claims, Investigations, and Dispute Resolution
33:20
Clips like this, every two weeks.
SOURCE: 36:39 of Construction Bonds Explained: How Surety Pre-Qualification Works in Atlantic Canada (Intact & FCA Surety)