Former president of Bondfield Construction Co. Ltd. and a former senior executive at Toronto’s St. Michael’s hospital have been found guilty of two counts of fraud over $5,000
Ontario Construction News
AI Article Summary
The former president of Bondfield Construction Co. Ltd. and a senior executive at Toronto's St. Michael's Hospital have been convicted of two counts of fraud over $5,000. The charges are related to the bidding process for a $300 million expansion project at the hospital. The verdict was delivered by a Superior Court judge.
What This Means for Canadian Contractors
This case highlights the need for transparency and integrity in the bidding processes for major construction projects. For Canadian builders, it means that ensuring compliance and ethical practices are crucial to avoid legal consequences and maintain a good reputation. The industry should consider stricter oversight and better auditing processes during tendering phases to prevent such issues.
