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What does the Government of Canada consider to be an acceptable form of contract security?

April 26, 2017acceptable contract form government security

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What does the Government of Canada consider to be an acceptable form of contract security?

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Contract security can take the form of a government guaranteed bond, bill of exchange, irrevocable standby letter of credit, or a surety bond. Again, the choice of which form of financial security will be used is left to the bidder/contractor.