General Contractor Assurances Sample Clauses

General Contractor Assurances. Unless otherwise agreed to by the city council, the Company shall contractually arrange for, or shall contractually require that each General Contractor (or subcontractor, as reasonably determined by the Company) furnish payment and performance bonds, in the principal amount of 100 percent of the total contract amount, signed by a corporate surety or sureties, acceptable to the City's Designee, and authorized to do insurance business in the State of Texas and licensed to issue surety bonds in the State of Texas, with the Company and the City as joint obligees on the bonds (or other appropriate security), indemnification (which shall include commitments to defend and hold harmless) and insurance (including, as applicable, commercial general liability, builders risk, workers' compensation/occupational health, auto liability coverage and excess umbrella coverage), in form and substance customary for a project with a scope similar to the Entertainment Center. The performance and payment bonds shall be written on such bond forms and shall contain such terms as are customary for significant real estate development construction project performance and payment bonds in the north Texas area. The form of performance and payment bond to be used by the Company shall be approved by the City's Designee, within 15 days of receipt of same, and such form of performance and payment bond must provide protections to the Company and the City that are not substantially less than the protections in the comparable documents typically used by the City for public works construction projects of similar size. Each such bond, indemnity and insurance policy shall inure to the benefit of both the Company and the City; provided, however, that any funds received by the City or the Company from any such bond, indemnity or insurance policy with respect to casualty losses relating to the Entertainment Center shall be dedicated to payment of costs to complete the Entertainment Center (or to repay debt that can be redrawn to pay such costs). The Company shall furnish to the City reasonable evidence of the performance and payment bonds, indemnification and insurance provided by each General Contractor (or subcontractor, as reasonably determined by the Company). Such insurance shall include commercial general liability, builders risk, workers' compensation/occupational health, auto liability and excess umbrella coverage, each in form and substance not less than is customary for a construction pr...
Sample 1Sample 2
AutoNDA by SimpleDocs
General Contractor Assurances. Landlord may from time to time reasonably request in writing that Tenant require the General Contractor to furnish to the Landlord evidence of the performance and payment bonds, indemnification and insurance required to be provided by the General Contractor.
Sample 1
General Contractor Assurances. The Parties shall contractually obligate the General Contractor to provide the following assurances to protect the City and SKA during and after construction: (i) commitment to complete the Henderson Event Center Project within the Project Budget; (ii) procedures to ensure payment to and performance by the General Contractor’s subcontractors, including payment and performance bonds to be furnished by those subcontractors if required by City,
Sample 1

Related to General Contractor Assurances

  • General Contractor A building, construction, or contracting firm with whom Borrower has contracted or may in the future contract with for the construction of the Improvements pursuant to a certain construction contract between them (the "Construction Contract").

  • Security Policy for Contractors 1. The Department for Work and Pensions treats its information as a valuable asset and considers that it is essential that information must be protected, together with the systems, equipment and processes which support its use. These information assets may include data, text, drawings, diagrams, images or sounds in electronic, magnetic, optical or tangible media, together with any Personal Data for which the Department for Work and Pensions is the Data Controller.

  • HHSC and Contractor Agreements HHSC and Contractor hereby agree:

  • Contractor Name Business License #: Address: City, State, Zip Code: Telephone: Facsimile: Email: * If you are an independent contractor you are required to obtain a business license with the City of Thousand Oaks. Contractor certifies under penalty of perjury that Contractor is a Sole Proprietor Corporation Limited Liability Company Partnership Nonprofit Corporation Other [describe: ]

  • Subcontractor Insurance In accord with Good Utility Practice, each Interconnected Entity shall require each of its subcontractors to maintain and provide evidence of insurance coverage of types, and in amounts, commensurate with the risks associated with the services provided by the subcontractor. Bonding of contractors or subcontractors shall be at the hiring Interconnected Entity’s discretion, but regardless of bonding, the hiring principal shall be responsible for the performance or non- performance of any contractor or subcontractor it hires.

  • 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.

  • Subcontractor Insurance Requirements Consultant shall require each of its subcontractors that perform Services under this Agreement to maintain insurance coverage that meets all of the requirements of this Section.

  • Contractor and Employee Security Precautions A. The security aspects of working at the Correctional Facility are critical. The following security precautions are part of the site conditions and are a part of this Contract. All persons coming on the site in any way connected with this Work shall be made aware of them, and it is the (General) Contractor’s responsibility to check and enforce them.

  • 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.

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

Time is Money Join Law Insider Premium to draft better contracts faster.