Whether you’re a construction contractor, electrician, plumber, or any other building professional, obtaining a permit or licence is a crucial step. To proceed, certain organizations like the Régie du bâtiment du Québec (RBQ) require a surety bond. This financial guarantee demonstrates to your clients and authorities that you are a trustworthy contractor ready to meet your legal and professional obligations.
The licence or permit surety bond acts as a form of insurance for the public: it allows compensation to a client or third party if you fail to meet your commitments, whether related to work quality or legal obligations. It thus serves as protection for both your business partners and yourself, enhancing your credibility and facilitating access to regulated markets.
At J. Gérard Fortin & Associés, our experts assist you in ensuring that your surety bond is tailored to your activity, profile, and administrative requirements.
Selecting the appropriate surety bond depends on the type of activity you engage in, the requirements of the regulatory body, and the risks to cover. The experts at J. Gérard Fortin & Associés will help you identify the solution most suitable for your situation, ensuring that your file is complete and compliant for quick issuance.
Required to obtain or renew a construction contractor licence. It guarantees that the contractor complies with the obligations set forth by the Building Act and protects the public in case of fault, defect, or breach of contract.
Allows certain contractors or workers to comply with the requirements of the Commission de la construction du Québec (CCQ) for specific activities in the construction field.
Required by certain cities or provinces before issuing a construction, excavation, or connection permit to municipal infrastructure. This type of bond ensures that the work will be carried out according to established standards.
In certain sectors, obtaining an operating or storage permit is conditional on providing a financial guarantee covering environmental risks or responsibilities related to regulated substances.
Required by certain professional corporations or regulatory bodies to ensure that the work performed complies with safety standards and laws in specialized fields.
Yes. Most surety bonds for licences or permits must be renewed annually to maintain validity. Our experts will assist you in managing renewals and ensuring continuous compliance.
Yes. Surety companies assess your creditworthiness, financial history, and sometimes your experience in the field before issuing a bond. A good credit file facilitates the process and can influence the bond conditions.
No. Unlike a bank guarantee, a surety bond generally does not require a cash deposit. It is a contractual commitment by the insurer to the requesting organization, allowing you to preserve your liquidity.