Surety & Bonding
Lloyd Sadd Bonding customizes programs that will meet the needs of today’s contractor and have the flexibility to handle tomorrow’s challenges and opportunities. Our surety professionals focus exclusively on surety and have access to virtually every major bonding market in Canada, allowing us to match our contractor clients to the right surety company.
We constantly listen to and communicate with our clients to ensure that, as they grow, the potential for more flexible bonding is evaluated. Our proactive specialized approach to bonding enables us to manage clients’ bonding requirements with confidence and build peace of mind with every transaction.
What are Surety bonds
In basic terms, the surety bond is a contract performance bond that guarantees the performance of a written contract will be carried out according to the specific terms and conditions. It is a promise to pay one party a certain amount if a second party fails to meet some obligation, such as fulfilling the terms of a contract.
The party that requires the surety bonding will vary, but you will be paying for the bond to protect the public in case you violate the rules set forth by the group that requires it.
Our qualified and experienced bonding specialists offer a wide variety of services to assist our customers in their effort to succeed in business, including:
- Job Cost Analysis
- Contract Review
- Financial Analysis
- Bid bonds, consent of surety, pre-qualification letters
- Performance Bonds
- Labour & Material Bonds
- Lien Bonds
- Miscellaneous Bonds (e.g., licence bonds, guardianship, lost documents, permit)
- Estate Bonds
- Custom and Excise Bonds
- Fiduciary Bonds
- License and Permit Bonds
- Lost Instrument and Document Bonds
- Financial Institution Bonds
- Maintenance bonds
- Bonds for small to large general contractors, subcontractors, and manufacturers