Bonding Requirements. To the extent this is a contract for construction or facility improvement, Contractor agrees as follows: A. Contractor provided with its bid for this contract a bid guarantee of no less than 5% of the bid price, or greater if otherwise required in this contract or the San Francisco Administrative Code. B. Contractor has obtained a performance bond in favor of the City, securing fulfillment of all its obligations under the contract, in an amount no less than 100% of the contract price. C. Contractor has obtained a payment bond, assuring payment as required by law to all persons supplying labor and material in the execution of the work provided for in the contract, in an amount no less than 100% of the contract price.
Appears in 8 contracts
Samples: Fema Emergency & Exigency Contracts, Fema Contract Requirements, Fema Contract Requirements
