{"id":2879,"date":"2020-11-15T16:19:55","date_gmt":"2020-11-15T21:19:55","guid":{"rendered":"https:\/\/beta.cancea.ca\/?p=2879"},"modified":"2022-11-21T14:00:42","modified_gmt":"2022-11-21T19:00:42","slug":"the-economic-value-of-surety-bonding-in-alberta-duplicate-4","status":"publish","type":"post","link":"https:\/\/www.cancea.ca\/index.php\/2020\/11\/15\/the-economic-value-of-surety-bonding-in-alberta-duplicate-4\/","title":{"rendered":"The Economic Value of Surety Bonding in the Atlantic Provinces"},"content":{"rendered":"<p>The purpose of this study was to assess the impact of construction surety bonds on the overall economy across the Atlantic Provinces. CANCEA reviewed more than 150,000 bonded projects completed over the last 20 years by more than 10,000 construction firms in order to examine the economic ripple effect of more than 3,000 contractor defaults and analyze the impact that surety protection. The findings confirm the value proposition of public sector bonding to taxpayers by way of strengthening the broader economy and bringing stability and certainty to the public construction process.<\/p>\n<p><span style=\"font-size: 16px;\">The study demonstrates that the size and scope of the economic benefits generated are largely dependent upon the extent to which bonds are used to protect construction risk on public infrastructure. The optimum benefits are realized when 100% of public work is protected by performance and payment bonds.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Download report: <a href=\"https:\/\/beta.cancea.ca\/wp-content\/uploads\/2022\/11\/The-economic-value-of-surety-in-the-Atlantic-Provinces.pdf\">The-economic-value-of-surety-in-the-Atlantic-Provinces<\/a><\/span><\/p>\n<p><span style=\"font-size: 16px;\">The report is available for download at <\/span><a style=\"font-size: 16px; background-color: #ffffff;\" href=\"https:\/\/suretycanada.com\/SAC\/Surety-Bonds\/Economic-Value-of-Surety-Bonds.aspx\" target=\"blank\" rel=\"noopener\">the Surety Association of Canada website<\/a><span style=\"font-size: 16px;\">.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The purpose of this study was to assess the impact of construction surety bonds on the overall economy across the Atlantic Provinces. CANCEA reviewed more than 150,000 bonded projects completed over the last 20 years by more than 10,000 construction firms in order to examine the economic ripple effect of more than 3,000 contractor defaults &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/www.cancea.ca\/index.php\/2020\/11\/15\/the-economic-value-of-surety-bonding-in-alberta-duplicate-4\/\"> <span class=\"screen-reader-text\">The Economic Value of Surety Bonding in the Atlantic Provinces<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":3,"featured_media":2881,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":""},"categories":[120,112,109,166,164,106,133,136,115,154,135,167,163,165,127,108,117,134,111,137,97],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Economic Value of Surety Bonding in the Atlantic Provinces - Canadian Centre for Economic Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cancea.ca\/index.php\/2020\/11\/15\/the-economic-value-of-surety-bonding-in-alberta-duplicate-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Economic Value of Surety Bonding in the Atlantic Provinces - Canadian Centre for Economic Analysis\" \/>\n<meta property=\"og:description\" content=\"The purpose of this study was to assess the impact of construction surety bonds on the overall economy across the Atlantic Provinces. CANCEA reviewed more than 150,000 bonded projects completed over the last 20 years by more than 10,000 construction firms in order to examine the economic ripple effect of more than 3,000 contractor defaults &hellip; The Economic Value of Surety Bonding in the Atlantic Provinces Read More &raquo;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cancea.ca\/index.php\/2020\/11\/15\/the-economic-value-of-surety-bonding-in-alberta-duplicate-4\/\" \/>\n<meta property=\"og:site_name\" content=\"Canadian Centre for Economic Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-15T21:19:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-21T19:00:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.cancea.ca\/wp-content\/uploads\/2022\/11\/Surety-Atlantic-Provinces.png\" \/>\n\t<meta property=\"og:image:width\" content=\"932\" \/>\n\t<meta property=\"og:image:height\" content=\"1210\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Paul Smetanin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Paul Smetanin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.cancea.ca\/index.php\/2020\/11\/15\/the-economic-value-of-surety-bonding-in-alberta-duplicate-4\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.cancea.ca\/index.php\/2020\/11\/15\/the-economic-value-of-surety-bonding-in-alberta-duplicate-4\/\"},\"author\":{\"name\":\"Paul Smetanin\",\"@id\":\"https:\/\/www.cancea.ca\/#\/schema\/person\/c666b713a7851db524a0dffd96669e00\"},\"headline\":\"The Economic Value of Surety Bonding in the Atlantic Provinces\",\"datePublished\":\"2020-11-15T21:19:55+00:00\",\"dateModified\":\"2022-11-21T19:00:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.cancea.ca\/index.php\/2020\/11\/15\/the-economic-value-of-surety-bonding-in-alberta-duplicate-4\/\"},\"wordCount\":160,\"publisher\":{\"@id\":\"https:\/\/www.cancea.ca\/#organization\"},\"articleSection\":[\"Atlantic Canada\",\"Business Cases, Impact Evaluations, And Appraisals\",\"Canada\",\"Credit Risk\",\"Credit Risks\",\"Economics\",\"Financial Modelling\",\"Forecasting, Scenarios And Sensitivities\",\"Impact, Evaluation\",\"Industry Socio-Economic Analysis\",\"Influence Via Specialized Reports\",\"Insurance\",\"Insurance, Financial\",\"Network Modelling\",\"Policy Analysis\",\"Region\",\"Regional\",\"Risk Analysis\",\"Service\",\"Strategic Advice And Insights Generation\",\"Topic\"],\"inLanguage\":\"en-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.cancea.ca\/index.php\/2020\/11\/15\/the-economic-value-of-surety-bonding-in-alberta-duplicate-4\/\",\"url\":\"https:\/\/www.cancea.ca\/index.php\/2020\/11\/15\/the-economic-value-of-surety-bonding-in-alberta-duplicate-4\/\",\"name\":\"The Economic Value of Surety Bonding in the Atlantic Provinces - 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