By continuing your navigation, you accept the use of cookies to have services and offers tailored to your interests.
To learn more view our Cookie Policy.
Contract by which a surety (usually an insurer) undertakes to indemnify the client (the "beneficiary" of the bond) for the financial losses that would be caused to him if the construction contractor (the "principal debtor" or the "surety") fails to fulfil his contractual obligations to him.
29/06/2024
Choosing a contractor is a crucial step that should not be taken lightly! Indeed, renovation and construction work constitute a significant budget item, and it is essential that the board of directors takes measures to choose a reliable contractor, ensuring transparency and competitiveness for co-owners. A well-structured and rigorous process…...
09/08/2022
May 3, 2022- The duty of maintenance and conservation of the building that falls to the administrators of a co-ownership involves one day doing business with construction contractors. Whether it is to replace the roof, renovate the entrance hall or repair brick siding and masonry, it is important to be vigilant…...