Hot take · 7:07
// THE QUOTE
“as many contractors know the sort of trend of prompt payment is really sweeping across canada”
Names the prompt-payment legislation cascade: Ontario's $500k public-project bond mandate now pushing private developers to bond. Timely, niche-credible.
Full episode at 7:07Construction Bonds Explained: How Surety Pre-Qualification Works in Atlantic Canada (Intact & FCA Surety) ▸
THE LESSON THIS CLIP CARRIES
Prompt-payment legislation (Ontario, New Brunswick’s Construction Remedies Act) is making bonding mandatory on publicly-funded projects over $500k and pushing GCs to bond sub-trades.
“in ontario for example any publicly funded project over half a million dollars must have a bond”
THE CHAPTER IT LIVES IN
Surety 101: Insurance vs. Surety and How Bonds Work
3:23
Clips like this, every two weeks.
SOURCE: 7:07 of Construction Bonds Explained: How Surety Pre-Qualification Works in Atlantic Canada (Intact & FCA Surety)