In the case of a labour or material bond, the contractor will pay the subcontractors, labourers and material suppliers what they’re owed for their services as stated in the terms of their contractual agreements.
Since our foundation in 2009, Ferrari & Associates has been one of Toronto’s preferred boutique insurance and financial agencies, catering to an abundance of local contractors in need of labour and material bonds. The streamlined bonding system created by our seasoned financial professionals is a popular method employed to help leverage the success of many construction projects in Toronto and across the Greater Toronto Area.
To learn more about labour and material bonds, and to discover how the labour and material bonds offered at our firm can assist in kick-starting your next big project, connect with us at one of our two convenient locations — Vaughan or Oakville, both just outside of Toronto — and meet with a Ferrari & Associates agent. They will walk you through the process and help you ensure that your first steps into this new endeavour are confident ones.