3.2.5. A general or undeclared partnership that is constituted for the purpose of carrying out construction work on only one construction project is exempt from the application of Chapter IV of the Act, if the following conditions are met:
(1) the proposed work is work authorized in subclasses 1.3 to 1.10 of Schedule I to the Regulation respecting the professional qualification of contractors and owner-builders (chapter B-1.1, r. 9);
(2) each of the members of the partnership is the holder of a general contractor’s licence authorizing the member to carry out the project work or have it carried out; and
(3) the tender documents for the construction project require the successful bidder to provide within the allotted time a contract performance guarantee and a labour, material and services payment bond.