Find out more about the SAC Performance Bond - its history and features.
CCDC has the following standard bond forms:
- CCDC 220 – Bid Bond
- CCDC 221 – Performance Bond
- CCDC 222 – Labour & Material Payment Bond
CCDC has also developed CCDC 21 - 2000 A Guide to Construction Insurance which explains construction insurance policies and requirements in CCDC contract forms.
For a complete listing of documents and guides produced by CCDC, please visit their website.
Understanding Standard Bond Forms/Templates
The Canadian Construction Documents Committee (CCDC) is a national committee responsible for the development, review and publication of standard Canadian construction contracts, forms and guides. Formed in 1974, the CCDC includes two owner representatives from each of the public and private sectors, as well as appointed volunteer members from its four constituent national organizations; the Association of Consulting Engineering Companies Canada (ACEC); Canadian Construction Association (CCA); Construction Specifications Canada (CSC); and Royal Architectural Institute of Canada (RAIC). A lawyer from the Canadian Bar Association, construction law section sits as an ex-officio member of the committee. All CCDC documents carry endorsement of the four constituent national organizations.
Why Should You Use Standard Bond Forms?
Some government bodies and even private owners use their own particular wordings, which they believe will augment the protection afforded by the bond. The Canadian Construction Documents Committee (CCDC) and its constituent bodies continue to strive for adoption of CCDC standard bond forms as these forms were designed with the intent of being fair to all parties to the contract/surety relationship. In addition to the fairness and balance, standard wordings have compiled a history of solid legal precedent which has clearly defined the meanings of the various provisions of the document.
The Surety Association of Canada is always happy to meet with owners to discuss and review the bonding options and provide suggestions as to how to use surety products to meet your unique performance security needs. Please contact the SAC office at (905) 677-1353 or by email at surety [at] suretycanada.com with any questions or concerns.