Common use of General Bond Requirements Clause in Contracts

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:

Appears in 3 contracts

Samples: Agreement for Construction Management Services, Agreement for Construction, Agreement for Construction

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General Bond Requirements. If the Construction Manager is required to provide performance and payment bondsbond(s), the penal sum of each bond must shall be in an amount not less than the Construction Price, as adjusted by any change ordersorder(s), and each bond mustshall:

Appears in 2 contracts

Samples: Contract for Construction, Contract for Construction

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