{"id":1623,"date":"2026-06-25T19:36:06","date_gmt":"2026-06-25T19:36:06","guid":{"rendered":"https:\/\/www.univesta.com\/cautionnement\/"},"modified":"2026-07-10T20:42:03","modified_gmt":"2026-07-10T20:42:03","slug":"surety-bond","status":"publish","type":"page","link":"https:\/\/www.univesta.com\/en\/surety-bond\/","title":{"rendered":"Surety bond"},"content":{"rendered":"\n
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What is a surety bond<\/span>?<\/h2>\n
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A surety bond is a document in which a surety guarantees that a debtor (the contractor) will meet their contractual obligations to a third party (the obligee).<\/p>\n<\/div> <\/div>\n <\/div>\n

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A tool for building trust<\/h3>\n
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A surety bond is a three-way agreement between you, your client and a surety. It isn\u2019t insurance \u2014 it\u2019s a financial guarantee: the surety steps in if you don\u2019t meet your contractual obligations.<\/p>\n<\/div><\/div>\n

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Often a requirement <\/h3>\n
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A performance bond reassures your clients and partners, guaranteeing that a surety will step in if you fall short of your obligations.<\/p>\n<\/div><\/div>\n

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Shared responsibility <\/h3>\n
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If the contractor doesn\u2019t deliver, the surety steps in \u2014 and the contractor agrees to repay the surety. It\u2019s what underpins a serious business relationship, not a free safety net.<\/p>\n<\/div><\/div> <\/div>\n <\/div>\n <\/div>\n <\/section>\n\n\n\n

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The Univesta advantage in surety<\/h2>\n

Our surety specialists are known for moving fast and standing right beside you. We work with the industry\u2019s top surety providers to get you the best offer for your specific needs. Licence and permit bonds or contract performance bonds \u2014 we handle it all, A to Z, from pre-qualification right through to opening your file. Clear answers, complete service, and a team that knows the business inside out \u2014 and has your back throughout.<\/p>\n<\/div> <\/div>\n\n <\/div>\n <\/div>\n <\/section>\n\n\n\n

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Licence and permit<\/span> bonds<\/h2>\n <\/div>\n\n
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CNESST bond<\/h3>\n \n
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Required for personnel placement (staffing) agencies, this bond guarantees that obligations to the Commission des normes, de l\u2019\u00e9quit\u00e9, de la sant\u00e9 et de la s\u00e9curit\u00e9 du travail (CNESST) are met, and protects the workers involved.<\/p>\n<\/div>\n

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OPC bond<\/h3>\n \n
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Required by the Office de la protection du consommateur (OPC), this bond guarantees that your business keeps its commitments to customers and follows the rules in force.<\/p>\n<\/div>\n

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RBQ bond<\/h3>\n \n
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Required to obtain your contractor\u2019s licence from the R\u00e9gie du b\u00e2timent du Qu\u00e9bec (RBQ), this bond confirms you can carry out work to standard.<\/p>\n<\/div>\n

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Bonds for contractors<\/span><\/h2>\n <\/div>\n\n
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Bid bond<\/h3>\n \n
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Guarantees the client that you\u2019ll honour your bid if you\u2019re awarded the contract.<\/p>\n<\/div>\n

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Letter of intent<\/h3>\n \n
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A preliminary document showing you\u2019re serious about your commitment, ahead of a formal performance bond.<\/p>\n<\/div>\n

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Performance bond<\/h3>\n \n
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Protects the completion of the work: the bond indemnifies the client, under the terms of the contract, if the contractor defaults.<\/p>\n<\/div>\n

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Labour and material payment bond<\/h3>\n \n
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Protects subcontractors and suppliers if they aren\u2019t paid on a project.<\/p>\n<\/div>\n

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Maintenance bond<\/h3>\n \n
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Covers defects and faults that surface after delivery, during the maintenance period set out in the contract.<\/p>\n<\/div>\n

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Process and requirements<\/h2>\n <\/div>\n\n
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Getting bonded takes preparation and a careful eye. Our team guides you through each step to simplify the process and keep delays down.<\/p>\n<\/div> <\/div>\n <\/div>\n\n

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Assessing your situation <\/h3>\n
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We look at your company profile, your bonding needs and the type of guarantee your industry calls for.<\/p>\n<\/div> <\/div>\n

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Pre-qualification<\/h3>\n
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We take your application to our surety partners to establish your bonding capacity and the terms that apply.<\/p>\n<\/div> <\/div>\n

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Putting your application together <\/h3>\n
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We help you assemble the documents you need, so your application moves quickly and smoothly.<\/p>\n<\/div> <\/div>\n

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Issuing the bond<\/h3>\n
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Once it\u2019s approved, the bond is issued and sent according to what your client or the relevant body requires.<\/p>\n<\/div> <\/div>\n <\/div>\n <\/div>\n <\/section>\n\n\n\n

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Documents<\/span> you\u2019ll need<\/h2>\n
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The better prepared you are, the faster things go. Here\u2019s what our team typically needs to start the assessment.<\/p>\n<\/div> <\/div>\n <\/div>\n

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