The RBQ increases its licence security amountsBy Charlotte Deslauriers-Goulet
The Régie du bâtiment du Québec (RBQ) recently announced that it had increased the licence security amounts, effective the 18th of September, 2016. The amount rises from $20,000 to $40,000 for general contractors and from $10,000 to $20,000 for specialized contractors.
The sums were increased because, in too many cases, they were insufficient to provide compensation for consumers who suffered damage brought about by contract work that was not adequately carried out or finalized or by faulty work or defects that were discovered in the year following the end of a project.
Contractors must pay the increased security amounts by the date at which their RBQ licence renewal payment is due.
To obtain the new amount of licence security provided under the group insurance policy of the Association de la construction du Québec (ACQ), contractors must duly fill out the Formulaire de demande de cautionnement de licence and return it to their affiliated association.
Contractors whose licence security is not provided under an ACQ group insurance policy may either request coverage or contact the security issuer to find out the amount owing and pay it to the RBQ before the security renewal payment deadline.
We strongly advise contractors not to wait until the renewal deadline to take the steps outlined here. For more information, visit the website of the RBQ (in French) at https://www.rbq.gouv.qc.ca/cautionnement-de-licence.html.
Do not hesitate to contact PFD's construction law group, which has all the resources necessary to assist you in your dealings with the RBQ.