Engagement framework. Direct contact.

The firm engages on situations where the counterparty needs something single-channel vendors cannot provide. Channel optionality. Equipment routes through whichever channel produces the best outcome for the specific category, not through the channel the firm has a relationship with. Pre-engagement work. The firm reads the public record continuously and arrives with prior reading rather than starting from a blank file. Verification at institutional standard. Documentation that project finance, EPCM contractors, lenders, and court reporting workflows can underwrite against. Three-panel quality control. Every analytical product passes internal review before delivery.

What the firm asks counterparties to provide. Honest framing of the situation. The firm cannot help if the situation is misrepresented. Time to do the work. Compressing the timetable below what the work requires produces lower-quality outcomes. A scope that closes against a deliverable. No open-ended advisory retainers.

Every engagement runs under a written engagement letter that establishes scope, deliverables, timeline, fee structure, and obligations on both sides. The letter is a standard form adapted to the specific situation. The firm does not work without one. Verbal commitments produce diffuse expectations that fail at the close.

The letter specifies what the firm will do and what it will not do. Deliverables and timelines are explicit. Fee structure is fixed-fee or milestone-based for analytical work and success-fee against gross recovery for active disposition execution. Confidentiality protections extend through and beyond the engagement under standard professional terms. Conflict checks run before any letter is signed. Engagements that present unresolvable conflicts are declined at intake.

What the firm is. A channel-agnostic equipment disposition and procurement firm. A contracted intermediary to operators, receivers, lenders, and trustees. A trade name of S. McCord Investments Ltd., an Alberta corporation operating from Toronto.

What the firm is not. Not a registered broker, dealer, or placement agent. Not a single-channel vendor. Not a transactional intermediary in the sense of a commission-based middleman with no analytical capability. The firm does not engage in securities placement, capital markets distribution, or solicitation of investors. The capital markets practice is closed as of May 2026. Firm focus is operations only.

Regulatory framework. The firm operates under standard Canadian commercial law for advisory and procurement services. Engagements are structured as commercial contracts rather than as regulated financial services. The firm's procurement and disposition activities are not regulated as broker-dealer activities because they are not securities-related.

Insurance and bonding. Standing professional liability and errors-and-omissions coverage appropriate to the engagement type. Specific policy details furnished privately to qualified counterparties.