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C-65.1, r. 5 - Regulation respecting construction contracts of public bodies
Section 12
Disposition versions
12. Tender security in the form of a bond must be submitted in accordance with the requirements of Schedule 1.
Performance security or security for the contractor’s obligations with respect to wages, materials and services in the form of a bond must be submitted in accordance with the requirements of Schedule 2 or Schedule 3, as the case may be.
The bond referred to in the first or second paragraph must be issued by a financial institution that is an insurer holding a licence issued under the Insurers Act (chapter A-32.1) authorizing the financial institution to transact guarantee insurance, a trust company having a licence issued under the Trust Companies and Savings Companies Act (chapter S-29.02), a financial services cooperative to which the Act respecting financial services cooperatives (chapter C-67.3) applies or a bank within the meaning of the Bank Act (S.C. 1991, c. 46).
12. Tender security in the form of a bond must be submitted in accordance with the requirements of Schedule 1.
Performance security or security for the contractor’s obligations with respect to wages, materials and services in the form of a bond must be submitted in accordance with the requirements of Schedule 2 or Schedule 3, as the case may be.
The bond referred to in the first or second paragraph must be issued by a financial institution that is an insurer holding a licence issued under the Act respecting insurance (chapter A-32) authorizing the financial institution to transact guarantee insurance, a trust company having a licence issued under the Act respecting trust companies and savings companies (chapter S-29.01), a financial services cooperative to which the Act respecting financial services cooperatives (chapter C-67.3) applies or a bank within the meaning of the Bank Act (S.C. 1991, c. 46).
