RBQ License Bond
Specialized or General – Requirement from the Régie du bâtiment du Québec
A license bond, required by the Régie du bâtiment, is a financial guarantee obtained from an insurer, an association, or a financial institution. It is issued to a construction contractor for the purpose of obtaining a licence and ensures the proper performance of the contractor’s contractual obligations toward their clients.
Required Bond Amount:
- $20,000 for a Specialized Contractor License.
- $40,000 for a General Contractor License.
This bond is primarily intended to compensate clients who have suffered a loss resulting from the contractor’s failure to perform, or improper performance of, construction work arising from:
- Deposits paid,
- Failure to complete the work,
- Defects in the work,
- And defects discovered within one year following completion of the work.
Key Information for Obtaining
or Maintaining Your RBQ License.
GCR Bond
Fraud and Embezzlement
The GCR Fraud and Embezzlement Bond is required for contractors seeking to hold a Régie du bâtiment contractor’s licence and obtain GCR accreditation for the construction of new homes or new condominiums.
Required Bond Amount:
- $20,000 for Fraud and Embezzlement.
This bond is in addition to the one required under the Guarantee Plan for license subclasses 1.1.1 and 1.1.2
Key Information for GCR Guarantee
Program Accreditation.
GCR Bond
Guarantee Plan
The GCR Guarantee Plan Bond is required for contractors seeking to hold license subclass 1.1.1 for the construction of new homes of up to five units and/or subclassy 1.1.2 for the construction of new condominiums of four storeys or fewer.
Since January 2015, purchasers of new homes have been protected by Garantie de construction résidentielle and benefit from coverage for up to five years following the purchase of their residence.
To be eligible for GCR warranty coverage, contractors must complete an accreditation application and provide a financial guarantee.
Required Bond Amount:
- $125,000 in financial security for a new file with no prior experience.
Some of the available options for providing the required financial guarantee include a real or movable hypothec, a bank letter of guarantee, an insurance bond, and similar instruments.
Key Information for GCR Guarantee
Program Accreditation.
OPC Bond
Itinerant Merchant
The Consumer Protection Office (OPC) Bond is mandatory for obtaining a permit as an itinerant merchant. In the construction sector, the contractors most likely to be subject to this requirement are roofing contractors, door and window installers, and gutter installers.
This bond ensures compliance with your obligations toward consumers, including in cases of bankruptcy, business closure, unfinished work, or work specified in the contract but not completed.
Required Bond Amount:
- $100,000 in financial security.
This bond is required for contracts exceeding $500. If you hold a specialized contractor’s licence, the bond amount is reduced to $80,000, and if you hold a general contractor’s licence, it is reduced to $60,000.
Key Information for
OPC Bond Registration.
Contruction Bond
Bid and Execution
The Bid and Performance Bond guarantees to the owner that the contractor who submitted the bid will in fact enter into the contract in accordance with their proposal. Its purpose is to prevent frivolous bids or bids submitted by contractors who are unable to carry out the contract they are proposing.
Such a bid is often accompanied by the surety’s commitment to provide performance and labour‑and‑material payment bonds, if these are required at the time the main contract is signed.
Required Bond Amount:
- These bonds vary and require a thorough assessment of both your financial situation and that of your company.
Under this agreement, the surety undertakes to complete the construction contract on behalf of the owner if, after signing the contract and beginning the work, the contractor fails to complete it.
Key Information for Bid and
Performance Bond Registration.
Liability Insurance
Civil Liability, Errors & Omissions
Commercial General Liability (CGL) insurance helps protect the long‑term viability of your business against major risks. Damaging a client’s car or home during excavation work, altering a basement wall and causing the ground‑floor structure to collapse, or installing bathroom fixtures and accidentally breaking the plumbing and causing water damage — these are just a few examples of situations that could lead to a lawsuit.
Commercial general liability insurance protects you and your business against claims for bodily injury, personal injury, or property damage caused to third parties arising from your operations, your products, or your business premises.
Premium Amount:
- A valuable, fully customizable plan for our clients.
- In Association with MP2B Assurances Inc.
- Faults, errors, and omissions
- Negligence, breach of duty, and misleading statements
- Any other act for which you may be held liable due to your role as a director or officer.
Key Information for
Obtaining Liability Insurance.
