Labour and Material Payment Bond Standard Construction Contract (Canada) Mobile App
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This Labor and Material Standard Construction Contract (Canada) is a Canadian contract designed for defence construction (air force etc).
How does it work?
It is a basic contract outlining the bond number and bond amount, between the principal and surety, both of whom are entered in the contract. The conditions of the contract are laid out with timelines of executing the contract and the amount to be paid and under what circumstances the contract would become null and void. Further provisions are lid out in the contract with reference to liability and suits of action. The contract has signature entry fields for principal, witness, and surety signatures.
The app can be used when needing a labor and material bond, surety bond, payment bond etc, and would be used by a bonding company, contractor, general contractor for a construction project or other projects in the defence based construction industry.
For a surety company, there are also further contracts available at GoCanvas including a bid bond contract entitled "Bid Bond Standard Construction Contract (Canada)"