Condo Smarts: Is bonding a major project worth the investment? (BC)

/ Owner - September 15, 2022

Q: Our strata is about to proceed with a membrane repair that is estimated at around $2.5 million. We have exercised as much prudence as possible. As we are negotiating the contracting process, the issue of bonding has come up. Our council is divided over the issue, as we are trying to minimize the cost but don’t want to reduce our exposure to liability.   Read the Q&A……………………………….

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