b'NEWS & UPDATESThree Essential Services 3.Security: New Forms for a New Time Sureties provide three essential services: Protection in the event that theThe standard bond forms, in use across1.Prequalification: bonded contractor should defaultCanada since 2002, are the Canadian on its obligationnot just financialConstructionDocumentsCommittee Assurance that the bonded protection, but a true performance2002 series of bonds (220Bid Bond; contractor is qualified for the jobguarantee that the job will be221Performance Bond; and 222for which they are contracted.completed in accordance with Labour&MaterialPaymentBond). 2.Ongoing monitoring (andthe contract. These forms have served the construc- hidden services): Asbondedcontractorsknow,thetion sector well, but much has changed Sureties monitor bonded contrac- surety-contractorrelationshipdoesntincontractlawoverthepasttwotors continuously and can providespan one bond; it is a long-term relation- decadesasprocurementnormshave evolvedandthecourtshavehanded assistance if needed ($, technicalship,commonlyspanningmanyyears support, accounting, etc.). and many projects. down new jurisprudence. Accordingly,the CCDC set to work over five yearsagotomodernizetheCCDC2002 seriesofbonds,workthatwaswell progressed when the pandemic struck.J. Watson Roofing Consulting Inc.Because of uncertainty about when J. Watson22 R4 Sooeaffinielg d RoaConsud lt ing Inc.the CCDC could approve and release J Watson Roofing Consulting Inc. newbondforms,SACdecidedto Vi2c2t4o Srieafa BCiel, Vd Roa9C 1d S5J Watson Roofing Consulting Inc. act: to release theSAC Bond Forms Victoria BC, V9C 1S5 (250) 634-4392 / e-mail: jwatson1@telus.netinMarchofthisyear.These 2021(250) 634-4392 / e-mail: jwatson1@telus.net www.watsonconsulting.cabond forms incorporate all the work Integrated roofing & waterproofing envelope solutionsdonebyCCDCbeforetheprocess www.watsonconsulting.ca Integrated roofing & waterproofing envelope solutionswas interrupted; indeed, it is expected for commercial, industrial and institutional clients.for commercial, industrial and institutional clients.thattheCCDCwillreleasethenewQuality consulting and inspection services for bothformsinduecourse.Whenitdoes, Quality consulting and inspection ser SACwilltransitionitsformstothe new construction and re-roofing projects.vices for both new construction and re-roofing projects. CCDC versions.The SAC Bond Forms 2021 are the224SeafieldRoadVictoria,BC|250-391-7887 new industry standard: 224SeafieldRoadVictoria,BC|250-391-7887 Benefits for Owners and GCs: jwatson1@telus.net|www.watsonconsulting.cajwatson1@telus.net|www.watsonconsulting.ca More certainty in the claims process,More responsiveness to a claim, More frequent and effective communication between suretiesand owners (including contact info for the contractor, surety andWe Make Roo\x1fng Safer owner/obligee), andWe Make Roo\x1fng Safer Clear guidance on how to makea claim, complete with standard forms and checklists.Butyl Self-Adhered (BSA)Butyl Self-Adhered (BSA) For Contractors:KOMODOBSA Written in plain language so the KOMODO obligations and protections are Waterproof MembraneBSAWaterproof Membrane clear to all.The2021bondformsassuremore responsive processes to deal with any problems that may arise: The Bid Bond solves the peren-www.ftsyn.com | 1 -844-353-9839 |info@ftsyn.com nial date problem by tying the www.ftsyn.com | 1 -844-353-9839 |info@ftsyn.com bid bond to the tender docu-ments so there will be no need to 32lROOFINGBC l FALL 2021'