Symbol of the Government of Canada

Public Works and Government Services Canada

ARCHIVED Performance Bonds

This information has been archived and replaced by Performance Bonds (2010-01-11) E5000C

Archived Content

Information identified as archived is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact us to request a format other than those available.

Legal text for SACC item

In order to ensure that funds will be available to complete the Work 
according to the terms of the Contract, the Contractor shall, within _____ 
days after the date of this agreement, furnish the Minister with a duly 
executed performance bond substantially in the form of Annex B hereto; such 
bond shall be in the amount of $_____ being _____ percent of the Contract 
Price on the date of this agreement; the surety to such bond shall be a 
company approved by or on behalf of the Treasury Board of Canada.

Full compliance by the Contractor with this requirement shall be a 
   condition precedent to the payment of any monies to the Contractor which, 
   by the terms of the Contract, would otherwise be payable by or on behalf 
   of Canada.