On Thursday, May 23, 2019 at the GTAA's FESTI (Fire & Emergency Services Training Institute) from 8:00 am to 11:45 am, 4S Consulting will be offering this event for OGCA members.
The purpose of this COR Summit is to give information on what the Top Buyers such as IO (Infrastructure Ontario), City of Toronto, GTAA, and Metrolinx, are expecting from their contractors and subcontractors with regards to COR Accreditation and Safety program requirements. IHSA has also been invited to present on the COR timeline and the process.
The main reason for this Summit is to get all the key stakeholders such as the top buyers, authorities, subcontractors, GCs, and construction associations together to discuss key topics such as timelines, bidding requirements, etc. pertaining to COR. With every passing day, GCs and subcontractors are discovering that they are no longer able to participate on bids on projects of top buyers since they are not COR accredited, resulting in hundreds to millions of dollars of revenue loss.
This Summit could be very useful for OGCA members, especially those bidding on jobs of some of these top buyers listed above. You will also get to participate in a moderated panel discussion and ask the authorities and participants the right questions.
Those interested in attending the Summit can register online through the invite or CLICK HERE to book your seat now. You can also write to us at firstname.lastname@example.org or Call Addy at 905 532 1488 Ext 212 to book your seat.
**65 seats only** **First-Come-First-Served** basis
This is a good opportunity for members to go one-on-one with the top buyers and authorities.
The bonding industry in Canada had its worst year ever in 2018, with the industry, as a whole, incurring more in claims than the revenue they took in. While the losses in 2018 were, to a large degree, effected by two big contractor defaults, frequency of claims is on the rise, and the trend in to 2019 has continued.
Attached is a chart and write-up that Petrela Winter & Associates has published on the losses for the surety bonding industry in 2018.