Bonds for Delinquent Contractors Sample Clauses

Bonds for Delinquent Contractors. If a contractor owes sums for a past violation occurring before the beginning date of this agreement or if a contractor is hereafter found to be in violation of this agreement resulting from a failure of that contractor to pay wages or sums due to the trust funds, the Joint Conference Board may require that contractor to post bonds as provided below. The amount due as an indemnity payment on a required bond from the surety under this Section 5 shall be determined by the Joint Conference Board as follows. The Joint Conference Board may impose a bond providing for indemnity for violations in an amount as determined by the Joint Conference Board which indemnity amount will not exceed twice the amount of money that the contractor is found to be in violation of this agreement due to that contractor’s failure to pay sums required for wages and/or to the trust funds, or for more as allowed in Section 6 below. A bond can be required for up to three years in duration from the date the bond is first posted, or for a longer period as provided in Section 6 below. In the event of multiple violations by the contractor, the contractor may satisfy the bonding requirements as to all violations by posting one or more bonds which, taken together, are in a sufficient amount and of a sufficient duration to satisfy the total bonding requirements established by the Joint Conference Board for the contractor. The Joint Conference Board may adjust the amount of the bond(s) required, from time to time, as to each contractor that is required to post a bond based on that contractor’s payment, or failure to pay, further contributions to the trust funds as such become due.
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Related to Bonds for Delinquent Contractors

  • Contracts with Subcontractors a. Grantee may enter into contracts with subcontractors unless restricted or otherwise prohibited in the Contract.

  • Records Retention Contractors and Subcontractors must preserve such certified transcripts for a period of three years from the date of completion of work on the awarded contract.

  • PAYMENT OF SUBCONTRACTORS The Contractor is obligated to take one of the two following actions within seven days after receipt of payment by the County for work performed by any subcontractor under this Contract:

  • Vendor’s Subcontractors TIPS recognizes that many vendors operate in the open market through the use of subcontractors. For that reason, TIPS permits Vendor to utilize subcontractors as authorized and permitted by the TIPS Member Customer. However, all purchase documents must include: (1) Vendor’s Name, as known to TIPS, and; (2) Vendor’s TIPS Contract Name and Number under which it is making the TIPS Sale. Vendor must report the sale pursuant to the terms herein and Vendor agrees that it is legally responsible for all reporting and fee payment as described herein for TIPS Sales even when subcontractors are utilized. The TIPS Administration Fee is assessed on the amount paid by the TIPS Member to Vendor. The Parties intend that Vendor shall be responsible and for actions of subcontractors during a TIPS Sale. Vendor agrees that it is voluntarily authorizing subcontractors and in doing so, Xxxxxx agrees that it is doing so at its own risk and agrees to protect, indemnify, and hold TIPS harmless in accordance with Sections 14-17 above related to subcontractor TIPS Sales made pursuant to this Agreement or purporting to be made pursuant to this Agreement that may be asserted against Vendor whether rightfully brought or otherwise. The Parties further agree that it is no defense to Vendor’s breach of this Agreement that a subcontractor caused Vendor of breach this Agreement.

  • Payroll Records Contractors and Subcontractors must keep original payrolls or transcripts subscribed and affirmed as true under the penalties of perjury as required by law. For public works contracts over $25,000 where the Contractor maintains no regular place of business in New York State, such records must be kept at the work site. For building services contracts, such records must be kept at the work site while work is being performed.

  • Subcontractors of Contractor These terms shall also apply to Subcontractors of County Contractors.

  • Responsibility for Subcontractors All requirements for the “Prime” contractor shall also apply to any and all subcontractors. It is the Prime Contractors’ responsibility to insure the compliance by the subcontractors. At all times the Prime Contractor remains liable to the Authority for the performance and compliance of his/her subcontractors.

  • Responsibilities of Contractor A. The Contractor shall perform all work on the described project as required by the Contract documents. The work to be performed includes the labor and services necessary to produce such replacement, and all materials, supplies, tools, transportation, equipment, and machinery required for replacement.

  • List of Subcontractors Contractor shall list all Subcontractors, as part of the Quote, as provided for in Attachment A, ordering procedures.

  • Contractor's responsibility for subcontractors The Contractor shall be as fully responsible to the City for the acts and omissions of its subcontractors, and of persons either directly or indirectly employed by them, as Contractor is for the acts and omissions of persons it directly employs. Contractor shall cause appropriate provisions to be inserted in all subcontracts relating to this work, to bind all subcontractors to Contractor by all the terms herein set forth, and insofar as applicable to the work of subcontractors and to give Contractor the same power regarding termination of any subcontract as the City may exercise over Contractor under any provisions of this contract. Nothing contained in this contract shall create any contractual relation between the subcontractor and the City or between any subcontractors.

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