Surety Association of Canada Your bonding resource
Surety Association of Canada
Representing 90% of all surety written in Canada, we are the national body for the Canadian Surety Industry, a comprehensive and accessible resource centre for our stakeholders. We are Your Bonding Resource.
On February 15, 2018, the Supreme Court of Canada released its long-awaited ruling in the case of Valard Construction Ltd. v. Bird Construction Co. Six of seven justices voted to allow the appeal of Valard Construction against Bird Construction; overturning the decisions of the trial judge and the Alberta Court of Appeal.
SAC Board Proposes New Standard Bond Forms
The passage of Bill 142 (Ontario Construction Act) by the Ontario Legislature in December 2017 was indeed a milestone event for our industry. Beginning on July 1 of this year, the Ontario construction industry will undergo a complete overhaul of its payment protocol which includes a requirement for mandatory performance and payment bonds on public work.
Further to TA 1812 issued on February 27, the Surety Association of Canada (SAC) has received a response from the City of Kingston, Ontario, regarding their Request for Tender for the Supply of Operations Services for the City of Kingston Material Recovery Facility.
Further to TA 1811 issued on February 26, the Surety Association of Canada (SAC) has received a response from the City of Chilliwack in British Columbia regarding their Request for Tender for the Operation of the Bailey Sanitary Landfill, Compostable Waste Transfer Station & Parr Road Green Depot.