Sound advice
DE GRANDPRÉ CHAIT, which serves companies operating in the field of construction, differs from other large firms through its "hands on" approach to work-when one of our lawyers specializing in construction law takes a file, he handles it personally from beginning to end. Our lawyers can advise you and provide effective input with respect to the surety bonds required for large construction projects.
Agreement between three parties
A surety bond is an agreement among three parties pursuant to which one of the parties guarantees that another party will respect its obligations, whether by entering into a contract in accordance with that party's accepted tender, by paying for labour and materials, or by executing the work as called for in the construction contract. Our lawyers know all the ins and outs of surety bonds and can provide advice regarding the surety bonds required for your projects, the various conditions related to surety bonds as well as the enforcement of surety bonds.
Protection and construction
A surety bond protects the obligee, that is, the person who must be paid by the surety in the event of a loss, up to the amount of the surety bond issued. Our lawyers are experts in this field. Our lawyers are have a vast experience in drafting and negotiating the contractual clauses related to the surety bonds required for your contracts.
Types of surety bonds
Various types of surety bonds are used in the field of construction. When it comes to bid bonds, bonds to guarantee the payment of labour and materials, and performance bonds, our lawyers are well regarded throughout Canada for their effective input focused on results.
The DE GRANDPRÉ CHAIT expertise
Our lawyers, who specialize in construction law, can help you avoid the common pitfalls arising from dealing with a large number of subcontractors. The DE GRANDPRÉ CHAIT team has in-depth knowledge of all the legal and regulatory issues related to all types of real estate development, whether industrial, commercial, residential or institutional. Our lawyers' ability to negotiate like true masters and to put into place solid surety bonds sets them apart in this complex field.
If you are dealing with claims, arbitration or mediation in the field of construction, or if you want to learn more about the services we offer with respect to all types of surety bonds, please contact our lawyers at 514-878-4311 and visit our Web site at http://www.degrandpre.com/en/practice/groups.asp?ID=10
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