Form of All Bonds. All Project bonds shall be in the forms attached as Exhibit Q unless Owner otherwise approves in writing. All sureties guaranteeing performance or payment shall be (i) authorized to do business in the State of Oregon, (ii) have a rating of not less than “A” in the latest version of A.M. Best & Company’s Insurance Guide, (iii) an A.M. Best & Company financial size category of “X” or higher, and (iv) listed by, and in the net limit of, the United States Treasury Department as acceptable for bonding Federal projects. Contractor shall have no affiliation with the bonding agent or agency.
Appears in 6 contracts
Samples: Construction Manager at Risk and General Contractor Agreement, Construction Manager at Risk and General Contractor Agreement, Construction Manager at Risk and General Contractor Agreement
Form of All Bonds. All Project bonds shall be in the forms attached as Exhibit Q O unless Owner otherwise approves in writing. All sureties guaranteeing performance or payment shall be
(i) authorized to do business in the State of Oregon, (ii) have a rating of not less than “A” in the latest version of A.M. Best & Company’s Insurance Guide, (iii) an A.M. Best & Company financial size category of “X” or higher, and (iv) listed by, and in the net limit of, the United States Treasury Department as acceptable for bonding Federal projects. Contractor shall have no affiliation with the bonding agent or agency.. PROTECTION OF LIFE AND PROPERTY
Appears in 4 contracts
Samples: Design Build Agreement, Design Build Agreement, Design Build Agreement
Form of All Bonds. All Project bonds shall be in the forms attached as Exhibit Q O unless Owner otherwise approves in writing. All sureties guaranteeing performance or payment shall be
(i) authorized to do business in the State of Oregon, (ii) have a rating of not less than “A” in the latest version of A.M. Best & Company’s Insurance Guide, (iii) an A.M. Best & Company financial size category of “X” or higher, and (iv) listed by, and in the net limit of, the United States Treasury Department as acceptable for bonding Federal projects. Contractor shall have no affiliation with the bonding agent or agency.
Appears in 1 contract
Samples: Design Build Agreement