Document Description

CCDC 220, 221, 222 – 2024 Bond Forms

The CCDC 220, 221, and 222 – 2024 bond forms provide a comprehensive suite of surety bonds for construction projects. These forms are essential for ensuring financial security and compliance with contract terms.

1. CCDC 220 – 2024 Bid Bond: This standard surety bid bond form guarantees the bidder’s intention to enter into a formal contract and to provide the specified contract security if the bid is accepted. It assures the owner that the bidder will honor their bid and proceed with the contract under the agreed terms.
2. CCDC 221 – 2024 Performance Bond: This standard surety performance bond form guarantees the performance of the contract by the Contractor. It protects the owner by ensuring that the contractor fulfills their contractual obligations, providing financial security and confidence in project completion.
3. CCDC 222 – 2024 Labour and Material Payment Bond: This standard surety labour and material payment bond form guarantees that the Contractor will satisfy all labour and material payment obligations incurred in performing the contract. It ensures that subcontractors, suppliers, and laborers are paid for their work and materials, offering protection to the owner against liens and payment disputes.

What you are purchasing: When you purchase the CCDC 220, 221, 222 – 2024 Bond Forms from our online store, you will receive a PDF with instructions and a download code to access the documents on the CCDC website. This ensures that you have the official and most current versions of these bond forms for your projects. The purchase guarantees access to:

• CCDC 220 – 2024 Bid Bond
• CCDC 221 – 2024 Performance Bond
• CCDC 222 – 2024 Labour and Material Payment Bond

These bond forms provide the essential documentation needed to manage financial risks and ensure compliance with contractual obligations in construction projects.

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