Doug has advised on large multi-million dollar BPS compliant procurements, SaaS contracts, ESCO contracts,
construction contracts, 3P projects, commercial escrow arrangements and deposit trust agreements involving Tarion or
Bonding Insurers.
A surety
bond (sometimes called a
construction bid
bond) is a three - party agreement by which the surety (
insurer) binds itself to discharge the contracted obligations of a principal (contractor) to an obligee (owner) in the event that the principal fails to fulfill such obligations.