In the competitive construction industry, contractors must inspire trust and security. The surety bond, particularly the one required by the Régie du bâtiment du Québec (RBQ), is more than just an administrative formality: it is a tangible proof of your seriousness, financial stability, and commitment to your clients.
At J. Gérard Fortin & Associés, our experts assist you in obtaining the necessary surety bonds without hindering your growth. Whether it’s to protect your working capital, win a public tender, or secure a large-scale project, the surety bond becomes a strategic tool to move forward with assurance. By working with our brokers, you can focus on what you do best: building.
Selecting the appropriate surety bond depends on the type of project, its scope, and the requirements imposed by the project owner or regulations. The experts at J. Gérard Fortin & Associés guide you in determining the protection that best suits your situation. Whether you are in the bidding, execution, or project closure phase, we help you identify the solution that precisely meets your needs while preserving your financial flexibility.
Required to obtain or renew a licence from the Régie du bâtiment du Québec, this bond aims to protect your clients in case of damages resulting from your work.
Required in public or private tenders, it covers the cost difference if you win a contract but fail to sign it.
Confirms that a surety company commits to providing the necessary guarantees if you are selected in a tender.
Protects the client against a contractor’s failure to meet contractual obligations. In case of default, the surety finances the completion of the work or pays compensation.
Ensures subcontractors and suppliers are paid, preventing legal liens on the project.
Similar to the performance bond but specifically guarantees the delivery of materials specified in the contract.
Covers maintenance work required after project completion for a specified period.
Used to remove a legal lien while a dispute is being resolved, guaranteeing payment if the court finds the claims valid.
Yes. A surety company evaluates the contractor’s financial strength, experience, and history. If the file is too weak or risky, the surety bond may be denied or subject to conditions.
The timeframe depends on the type of bond and the complexity of the application. With a well-prepared file, some bonds can be issued quickly. Our experts guide you to expedite the process.
Yes. The conditions for cancellation or modification depend on the contract terms and specific circumstances. Our advisors provide detailed information on these aspects.