Village of Craven Minutes Regular Meeting 2026-04-21
Craven Opens Joint Holdback Account with RBC
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Description
The Village of Craven approved the creation of a No Debit Joint Holdback Account with RBC to securely hold construction funds tied to Trans Canada Contracting’s project. The specialized account will require dual in-branch signatures for any release of funds until project completion.
Contract Details
Vendor
RBC
Agency
Village of Craven, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
April 21, 2026
Contract Term
Until project completion and holdback obligations satisfied
Renewal Info
Account to remain in place until construction project completion and all holdback obligations are satisfied; no automatic renewal terms specified.
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