Acts and Regulations

2020, c.29 - Construction Remedies Act

Section 108
Disposition versions

Full text
Regulation under the Crown Construction Contracts Act
108New Brunswick Regulation 82-109 under the Crown Construction Contracts Act is amended
(a) by adding after section 4 the following: 
4.1The amount prescribed for the purposes of subsection 2.1(1) of the Act is $100,000.
(b) by repealing section 5;
(c) by repealing subsection 15(4) and substituting the following: 
15(4)A bid bond submitted pursuant to this section shall provide that if the tenderer is awarded the contract, a labour and material payment bond and performance bond shall be supplied to the Crown in accordance with the provisions of section 83 of the Construction Remedies Act by the same or another surety company.
(d) by repealing section 17;
(e) by repealing section 18;
(f) by repealing section 19;
(g) by repealing paragraph 21(4)(a) and substituting the following: 
(a) provide a labour and material payment bond and performance bond in the amount stipulated, if required to do so under section 83 of the Construction Remedies Act,
Regulation under the Crown Construction Contracts Act
108New Brunswick Regulation 82-109 under the Crown Construction Contracts Act is amended
(a) by adding after section 4 the following: 
4.1The amount prescribed for the purposes of subsection 2.1(1) of the Act is $100,000.
(b) by repealing section 5;
(c) by repealing subsection 15(4) and substituting the following: 
15(4)A bid bond submitted pursuant to this section shall provide that if the tenderer is awarded the contract, a labour and material payment bond and performance bond shall be supplied to the Crown in accordance with the provisions of section 83 of the Construction Remedies Act by the same or another surety company.
(d) by repealing section 17;
(e) by repealing section 18;
(f) by repealing section 19;
(g) by repealing paragraph 21(4)(a) and substituting the following: 
(a) provide a labour and material payment bond and performance bond in the amount stipulated, if required to do so under section 83 of the Construction Remedies Act,