Shifts in globalization and digitization of business, combined with the COVID-19 pandemic, have sped up the need for dramatic shifts in procurement processes. In its recent white paper, the Surety Association of Canada is renewing its assertion that digital bonds offer integrity, security and verifiability, while maintaining a no-contact digital business model.
“Over the past number of months, SAC has been inundated with inquiries from both owners and contractors about how to obtain a digital bond,” states Steven D. Ness, President of the Surety Association of Canada. “And although we have stated our recommendation previously and provide comprehensive information on our website regarding e-bonding and digital bonds, we felt it necessary to create this white paper to provide a printable resource for various stakeholder groups”.
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