Definition : Guarantee plan for new residential buildings - Administrator of the Compulsory guarantee plan

A legal person authorized by the Régie du bâtiment du Québec (RBQ)” (Québec Building Board) to administer a guarantee plan. It guarantees the execution of the legal and contractual obligations of a contractor resulting from a contract signed with a beneficiary. It is governed by the Regulation respecting the guaranty plan for new residential building. Since January 1st, 2015, only one non-profit agency (“OSBL”) acts as the administrator of the Guarantee plan. It is the “Garantie de construction résidentielle (GCR)” (Residential Building Guarantee).

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