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Surety in symbiosis with the advancement in the construction industry

In recent decades, the surety bond market has had little changes despite the complexity of contracts, the scale of projects, funding methods, and the number of players.

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Despite the skyrocketing of current amounts, the surety market is in excellent health and can put bonding limits in place on projects at unprecedented levels. Leading contractors in Quebec and Canada benefit from the significant capacities put in place by members of the surety industry.

The surety bond industry plays a role in protecting against the risk of contract non-performance or non-payment to suppliers and subcontractors. In doing so, it achieves its goal of “protecting” the general public’s money.