General Bond Requirements Clause Samples

General Bond Requirements. Recognizing the Project is a public project, if the Construction price exceeds $100,000.00, the Project is required to be bonded pursuant to 255.05, Florida Statutes. Contractor shall furnish payment and performance bonds on Owner’s standard form covering the full and faithful performance of the Contract Documents and the payment of obligations arising hereunder. As required by Section 255.05, Florida Statutes, Owner shall not make a payment to Contractor until Contractor has provided Owner with a certified copy of the recorded payment and performance bonds for a Project, as applicable.
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General Bond Requirements. As to the performance and payment bond(s) required by this Contract, the penal sum of each bond shall be in an amount not less than the GMP, as adjusted by any change order(s), and each bond shall: 22.1.1 be in a form approved by the Owner and which complies with the provisions of section 255.05, Florida Statutes; 22.1.2 incorporate by reference the terms of this Contract; 22.1.3 be executed by a company certified by the Secretary of the United States Department of Treasury pursuant to the Act of July 30, 1947 (61 Stat. 646, as amended; 6 U.S.C. 6-13); 22.1.4 be executed by a company licensed and authorized to do business in the State of Florida; and 22.1.5 be accompanied by a power of attorney certifying that the person(s) executing the bond have the authority to do so.
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General Bond Requirements. If the Construction Manager is required to provide performance and payment bonds, the penal sum of each bond must be in an amount not less than the Construction Price, as adjusted by any change orders, and each bond must: 22.1.1 Be in a form approved by the County; 22.2.2 Incorporate by reference the terms of this Agreement; 22.2.3 Be accompanied by a power of attorney certifying that the persons executing the bond have the authority to do so.
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General Bond Requirements. The General Contractor shall furnish bonds covering the faithful performance of the Agreement and payment of any and all obligations arising under the Agreement as required by Florida law, consistent with the form attached hereto as Exhibit D. The General Contractor shall deliver the required bonds to the Owner’s Project Representative prior to the commencement of any Work, and in no event any later than 5 days after the execution of this Agreement. Upon request, the General Contractor shall furnish a copy to any person or entity requesting a copy. Such bonds shall be in conformance and compliance with sec. 255.05, Florida Statutes, and shall contain the information and provisions set forth in the referenced section. Pursuant to sec. 255.05, the General Contractor shall record the performance and payment bonds in the public records of Osceola County, Florida. The General Contractor shall provide the recorded copy of the bonds to the Owner’s Project Representative.
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General Bond Requirements. The Contractor shall furnish bonds covering the faithful performance of the Agreement and payment of any and all obligations arising under the Agreement as required by Florida law, consistent with the form attached hereto as Exhibit
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General Bond Requirements. The Construction Manager shall provide payment and performance bonds, each having a penal sum equal to the GMP, on forms substantially similar to those attached hereto as Appendices H-1 and H-2, and with a surety licensed to do business in the State of Georgia and listed on the Treasury Department’s most current list (Circular 570, as amended). 14.1.1 The amount of the premiums for such bonds shall be included in the GMP. Upon the request of any person or entity appearing to be a potential beneficiary of bonds covering payment of obligations arising under the Contract, the Construction Manager shall promptly furnish a copy of the bonds or shall permit a copy to be made.
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General Bond Requirements. Any project with a construction cost exceeding $100,000.00 is required to be bonded pursuant to 255.05, Florida Statutes, and the Contractor shall furnish Payment and Performance bonds on the Owner’s standard form covering the full and faithful performance of this Agreement and the payment of obligations arising hereunder.
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General Bond Requirements. In accordance with section 255.05, Florida Statutes, the CONSTRUCTION MANAGER shall furnish performance and payment bond(s), each in an amount not less than the Construction Price, inclusive of any modifications through change orders. Each bond shall: 22.1.1 Be issued by a surety authorized to conduct business in Florida and approved by the OWNER; 22.1.2 Be in a form that meets the standards established by the OWNER and includes all necessary statutory requirements; 22.1.3 Incorporate by reference all terms and conditions of this Agreement for Construction Management, ensuring full compliance with its provisions; 22.1.4 Be accompanied by a power of attorney certifying that the person(s) executing the bond have the authority to do so; and 22.1.5 Clearly state the names, addresses, and contact information of the CONSTRUCTION MANAGER, surety, and OWNER, as well as the contract and bond number and a detailed description of the Project.
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Related to General Bond Requirements

  • BOND REQUIREMENTS The Contractor hereby agrees to comply with the State’s bonding requirements as identified in the Instructions to Bidders which are included in the RFP and are attached and incorporated into the Contract Documents.

  • Waiver of Bond Requirement The Trustee shall be relieved of, and each Certificateholder hereby waives, any requirement of any jurisdiction in which the Trust, or any part thereof, may be located that the Trustee post a bond or other surety with any court, agency or body whatsoever.

  • Terms and Requirements A. Grievance Definition

  • Securities Law Requirements The Company shall not be required to issue Shares pursuant to the Award, to the extent required, unless and until (a) such Shares have been duly listed upon each stock exchange on which the Common Shares are then registered; and (b) a registration statement under the Securities Act of 1933 with respect to such Shares is then effective.

  • City Requirements Design, construction, materials, sizing, other specifications, permitting, inspections, testing, documentation and furnishing of as-built drawings, and acceptance of completed infrastructure shall be in accordance with City Requirements. Design and construction shall be by professionals licensed in the state of North Carolina to do the relevant work. City approval of the design of the Improvements shall be required prior to construction, as set forth in City Requirements. If Developer is connecting to the County sewer system, the City may require Developer to furnish the contract providing for such connection.