What is it?

ACGI provides qualified Aboriginal contractor and service providers with the bonding products and services required to compete in the mainstream marketplace or to access opportunities created through the federal government Procurement Strategy for Aboriginal Business.

Three forms of contract guarantees or sureties are covered.

• Bid guarantees provide financial assurance that the bid has been submitted in good faith, and the contractor intends to enter into the contract at the price bid and provide the required performance and payment guarantees.
• Performance guarantees protect the project owner from financial loss if the contractor doesn't meet the terms and conditions of the contract documents.
• Payment guarantees ensure that the contractor pays certain subcontractor, labour and material bills associated with the project.

How is the program delivered?

Silu' Corporation, a subsidiary of the National Aboriginal Capital Corporation Association (NACCA), and in partnership with the surety industry, delivers this program across Canada. Aboriginal financial institutions (AFIs) that are members of NACCA play a major role in the delivery of this initiative with respect to prequalification, monitoring and processing claims.

For more information about NACCA and the Aboriginal Contract Guarantee Instrument, contact:

National Aboriginal Capital Corporation Association
11748 Kingsway Avenue, Suite 101
Edmonton, AB T5G 0X5
Tel: (780) 413-0993
Fax: (780) 482-3148
E-mail: nacca@netcom.ca

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