Common use of Bonds Clause in Contracts

Bonds. The Contractor shall provide the Owner with a performance bond in the form provided by the Owner, executed by a surety company licensed by the state of Tennessee prior to the commencement of the Work. Such bond shall be in an amount equal to the Contract Price unless otherwise stated in the Contract Documents. All bonds shall be accompanied by a current power of attorney.

Appears in 44 contracts

Samples: Facilities Services Agreement, Facilities Services Agreement, Facilities Services Agreement

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