Common use of BONDING OF SUBCONTRACTOR Clause in Contracts

BONDING OF SUBCONTRACTOR. Concurrently with the execution of this Agreement, Subcontractor shall, if required by Contractor, execute a labor and material bond and performance bond, in an amount equal to one hundred percent (100%) of the Contract Price. Said bonds shall be executed by a corporate surety acceptable to Contractor and shall be in a form satisfactory to Contractor. Contractor shall pay the premium on said bonds unless otherwise provided herein or in the Contract Documents.

Appears in 12 contracts

Samples: Subcontract Agreement, Subcontractor Agreement, Subcontract Agreement

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BONDING OF SUBCONTRACTOR. Concurrently with the execution of this Agreement, Subcontractor shall, if required by Contractor, execute a labor and material bond and a performance bond, each in an amount equal to one hundred percent (100%) of the Contract Price. Said bonds shall be executed by a corporate surety acceptable to Contractor and shall be in a form satisfactory to Contractor. Contractor shall pay the premium on said bonds unless otherwise provided herein or in the Contract Documents.

Appears in 3 contracts

Samples: Subcontract Agreement, Subcontract Agreement, Subcontract Agreement

BONDING OF SUBCONTRACTOR. Concurrently with the execution of this Agreement, Subcontractor shall, if required by ContractorContractor as noted in Exhibit A, execute a labor and material bond and performance bond, in an amount equal to one hundred percent (100%) of the Contract Price. Said bonds shall be executed by a corporate surety acceptable to Contractor and shall be in a form satisfactory to Contractor. Contractor shall pay the premium on said bonds unless otherwise provided herein or in the Contract Documents.

Appears in 3 contracts

Samples: Subcontract Agreement, Subcontract Agreement, Subcontract Agreement

BONDING OF SUBCONTRACTOR. Concurrently with the execution of this Agreement, Subcontractor shall, if required by Contractor, execute a labor and material bond and performance bond, in an amount equal to one hundred percent (100%) of the Contract Price. Said bonds shall be executed by a corporate surety acceptable to Contractor and shall be in a form satisfactory to Contractor. Contractor shall pay the premium on said bonds unless otherwise provided herein or in the Contract Documents.. SAMPLE

Appears in 2 contracts

Samples: Master Subcontract Agreement, Master Subcontract Agreement

BONDING OF SUBCONTRACTOR. Concurrently with the execution of this Agreement, or at any time during its performance, Subcontractor shall, if required by Contractor, execute a labor Labor and material bond Material Bond and performance bondFaithful Performance Bond, in an amount equal to one hundred percent (100%) % of the Contract PricePrice in Section 3. Said bonds shall be executed by a corporate surety acceptable to Contractor and shall be in a form satisfactory to Contractor. Contractor shall pay the premium on said bonds bonds, in an amount not-to-exceed 1.5% of the Contract Price, unless otherwise provided herein or in the Contract Documents.

Appears in 2 contracts

Samples: Subcontract Agreement, Subcontract Agreement

BONDING OF SUBCONTRACTOR. Concurrently with the execution of this Agreement, Subcontractor shall, if required by Contractor, execute a labor and material payment bond and performance bond, in an amount equal to one hundred percent (100%) of the Contract Price. Said bonds shall be executed by a corporate surety acceptable to Contractor and shall be in a form satisfactory to Contractor. Contractor shall pay Whether the payment of the bond premium is to be by Subcontractor or Contractor, will be addressed on said bonds unless otherwise provided herein the Job Specific Work Order, or in the Contract DocumentsPurchase Order.

Appears in 2 contracts

Samples: Subcontract Agreement, Subcontract Agreement

BONDING OF SUBCONTRACTOR. Concurrently with the execution of this Agreement, or at any time during its performance, Subcontractor shall, if required by Contractor, execute a labor Labor and material bond Material Bond and performance bondFaithful Performance Bond, in an amount equal to one hundred percent (100%) % of the Contract PricePrice in Section 3. Said bonds shall be executed by a corporate surety acceptable to Contractor and shall be in a form satisfactory to Contractor. Contractor shall pay the premium on said bonds bonds, in an amount not -to-exceed 1.5% of the Contract Price, unless otherwise provided herein or in the Contract DocumentsDocuments .

Appears in 1 contract

Samples: Subcontract Agreement

BONDING OF SUBCONTRACTOR. Concurrently with the If required by Contractor at any point prior to, during, or after execution of this Agreementagreement, Subcontractor shall, if required by Contractor, execute a labor and material bond and performance bond, in an amount equal to one hundred percent (100%) of the Contract Price. Said bonds shall be executed by a corporate surety acceptable to Contractor and shall be in a form satisfactory to Contractor. Contractor shall pay the premium on said bonds up to 2% of face amount of bond unless otherwise provided herein or in the Contract Documents.

Appears in 1 contract

Samples: Subcontract Agreement

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BONDING OF SUBCONTRACTOR. Concurrently with the execution of this Agreement, Subcontractor shall, if required by Contractor, execute a labor and material bond and a performance bond, each in an amount equal to one hundred percent (100%) of the Contract Price. Said bonds shall be executed by a corporate surety acceptable to Contractor and shall be in a form satisfactory to Contractor. Contractor shall pay the bond premium on said bonds up to 1.5% of the original contract amount unless otherwise provided herein or in the Contract Documents.

Appears in 1 contract

Samples: Subcontract Agreement

BONDING OF SUBCONTRACTOR. 8.1 Concurrently with the execution of this Agreement, Subcontractor shall, if required by Contractor, execute a labor and material bond and performance bond, in an amount equal to one hundred percent (100%) of the Contract Price. Said bonds shall be executed by a corporate surety acceptable to Contractor and shall be in a form satisfactory to Contractor. Contractor shall pay the premium on said bonds unless otherwise provided herein or in the Contract Documents.

Appears in 1 contract

Samples: Subcontract Agreement

BONDING OF SUBCONTRACTOR. Concurrently with the execution of this Agreement, Subcontractor shall, if required by General Contractor, execute a labor and material bond and performance bond, in an amount equal to one hundred percent (100%) of the Contract PriceProject price. Said bonds shall be executed by a corporate surety acceptable to General Contractor and shall be in a form satisfactory to General Contractor. Contractor Subcontractor shall pay the premium on said bonds unless otherwise provided herein or in the Contract DocumentsProject Workorder.

Appears in 1 contract

Samples: Subcontractor Agreement

BONDING OF SUBCONTRACTOR. Concurrently with the execution of this Agreement, or at any time during its performance, Subcontractor shall, if required by Contractor, execute a labor Labor and material bond Material Bond and performance bondFaithful Performance Bond, in an amount equal to one hundred percent (100%) % of the Contract PricePrice in Section 3. Said bonds shall be executed by a corporate surety acceptable to Contractor and shall be in a form satisfactory to Contractor. Contractor shall pay the premium on said bonds bonds, in an amount not -to-exceed 1.5% of the Contract Price, unless otherwise provided herein or in the Contract Documents.

Appears in 1 contract

Samples: Subcontract Agreement

BONDING OF SUBCONTRACTOR. Concurrently with the execution of this Agreement, Subcontractor shall, if required by Contractor, execute a labor and material bond and performance bond, in an amount equal to one hundred percent (100%) of the Contract PriceSum. Said bonds shall be executed by a corporate surety acceptable to Contractor and shall be in a form satisfactory to Contractor. Contractor Subcontractor shall pay the premium on said bonds unless otherwise provided herein or in the Contract Documents.

Appears in 1 contract

Samples: Subcontract Agreement

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