Common use of Bond Premiums Clause in Contracts

Bond Premiums. Direct cost of amounts actually paid or to be paid during the applicable billing period by Contractor for premiums solely attributable to the Work for Contractor’s On-Demand Bonds to the extent required by Owner, and direct cost of amounts paid or to be paid during the applicable billing period for Subcontractor bond premiums.

Appears in 2 contracts

Samples: China Construction Engineering (Wynn Resorts LTD), Design Build Agreement (Wynn Resorts LTD)

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Bond Premiums. Direct cost of amounts actually paid or to be paid during the applicable billing period by Contractor for premiums solely attributable to the Work for Contractor’s On-Demand Performance and Payment Bonds to the extent required by Owner, and direct cost of amounts paid or to be paid during the applicable billing period for Subcontractor bond premiums.

Appears in 1 contract

Samples: Agreement for Guaranteed Maximum Price Construction Services (Pinnacle Entertainment Inc)

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Bond Premiums. Direct cost of amounts actually paid or to be paid during the applicable billing period by Contractor for premiums solely attributable to the Work for Contractor’s On-Demand 's Performance and Payment Bonds to the extent required by Owner, and direct cost of amounts paid or to be paid during the applicable billing period for Subcontractor bond premiums.

Appears in 1 contract

Samples: Agreement for Guaranteed Maximum Price Construction (Wynn Resorts LTD)

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