Common use of Maintenance Bond Clause in Contracts

Maintenance Bond. The payment bond and the performance bond shall be in a sum equal to the contract price. If the performance bond provides for a one year warranty a separate Maintenance Bond is not necessary. If the warranty period specified in the contract is for longer than one year a Maintenance Bond equal to 10% of the contract price is required. Bonds shall be duly executed by a responsible corporate surety, authorized to issue such bonds in the State of Michigan and secured through an authorized agent with an office in Michigan. The intent of the Plans, Specifications and Contract is to provide for the completion of the Work in substantial compliance with the details as shown thereon and as described herein. The Contractor shall furnish all labor, materials, equipment, tools, transportation and necessary supplies, and shall perform all operations required to complete the Work in accordance with the Specifications, and the lines, grades and cross-sections provided for on the Plans, by Change Order or by Contract Modification. The Contractor shall have the affirmative responsibility to carefully study and compare the Contract Documents with each other and with information furnished by the County. The Contractor shall have the responsibility to immediately report to the County errors, inconsistencies or omissions discovered. If the Contractor performs any construction Work knowing it involves a recognized error, inconsistency or omission in the Contract Documents without such notice to the County, the Contractor shall assume appropriate responsibility for such performance and shall bear an appropriate amount of the attributable costs for correction. The construction schedule or critical path method (CPM) as required in the Invitation For Bid shall be submitted, prior to the pre-construction conference, for review and approval by the county Engineer. Updated construction schedules shall be supplied to the County with each application for payment. An updated construction schedule will always be supplied when any extension of the Contract Time has been granted by the County. Failure to provide any requested update of the construction schedule is grounds for termination. The Contractor shall prepare and keep current, for the County’s approval, a schedule of submittals which is coordinated with the Contractor’s construction schedule and allows the County reasonable time to review the submittals. Approval by the Engineer of any construction schedule indicating completion of the Work in less time than allotted by the Bid forms shall not be construed as an acknowledgment, either express or implied, that the Work can be completed within the time shown on this schedule, and shall not under any circumstances give rise to a cause of action for damages by the Contractor.

Maintenance Bond. The payment bond and the performance bond shall be in a sum equal to the contract price. If the performance bond provides for a one year warranty a separate Maintenance Bond is not necessary. If the warranty period specified in the contract is for longer than one year a Maintenance Bond equal to 10% of the contract price is required. Bonds Xxxxx shall be duly executed by a responsible corporate surety, authorized to issue such bonds in the State of Michigan and secured through an authorized agent with an office in Michigan. SECTION 103. SCOPE OF WORK‌ 103.01 Intent of the Plans, Specifications and Contract‌ The intent of the Plans, Specifications and Contract is to provide for the completion of the Work in substantial compliance with the details as shown thereon and as described herein. The Contractor shall furnish all labor, materials, equipment, tools, transportation and necessary supplies, and shall perform all operations required to complete the Work in accordance with the Specifications, and the lines, grades and cross-sections provided for on the Plans, by Change Order or by Contract Modification. The Contractor shall have the affirmative responsibility to carefully study and compare the Contract Documents with each other and with information furnished by the County. The Contractor shall have the responsibility to immediately report to the County errors, inconsistencies or omissions discovered. If the Contractor performs any construction Work knowing it involves a recognized error, inconsistency or omission in the Contract Documents without such notice to the County, the Contractor shall assume appropriate responsibility for such performance and shall bear an appropriate amount of the attributable costs for correction. 103.02 Construction Schedule‌ The construction schedule or critical path method (CPM) as required in the Invitation For Bid Request for Proposals shall be submitted, prior to the pre-construction conference, for review and approval by the county EngineerCounty Director of Community Development or his designee. Updated construction schedules shall be supplied to the County with each application for payment. An updated construction schedule will always be supplied when any extension of the Contract Time has been granted by the County. Failure to provide any requested update of the construction schedule is grounds for termination. The Contractor shall prepare and keep current, for the County’s approval, a schedule of submittals which is coordinated with the Contractor’s construction schedule and allows the County reasonable time to review the submittals. Approval by the Engineer of any construction schedule indicating completion of the Work in less time than allotted by the Bid forms shall not be construed as an acknowledgment, either express or implied, that the Work can be completed within the time shown on this schedule, and shall not under any circumstances give rise to a cause of action for damages by the Contractor.

Maintenance Bond. The payment bond and the performance bond shall be in a sum equal to the contract price. If the performance bond provides for a one year warranty a separate Maintenance Bond is not necessary. If the warranty period specified in the contract is for longer than one year a Maintenance Bond equal to 10% of the contract price is required. Bonds shall be duly executed by a responsible corporate surety, authorized to issue such bonds in the State of Michigan and secured through an authorized agent with an office in Michigan. The intent of the Plans, Specifications and Contract is to provide for the completion of the Work in substantial compliance with the details as shown thereon and as described herein. The Contractor shall furnish all labor, materials, equipment, tools, transportation and necessary supplies, and shall perform all operations required to complete the Work in accordance with the Specifications, and the lines, grades and cross-sections provided for on the Plans, by Change Order or by Contract Modification. The Contractor shall have the affirmative responsibility to carefully study and compare the Contract Documents with each other and with information furnished by the County. The Contractor shall have the responsibility to immediately report to the County errors, inconsistencies or omissions discovered. If the Contractor performs any construction Work knowing it involves a recognized error, inconsistency or omission in the Contract Documents without such notice to the County, the Contractor shall assume appropriate responsibility for such performance and shall bear an appropriate amount of the attributable costs for correction. The construction schedule or critical path method (CPM) as required in the Invitation For Bid shall be submitted, prior to the pre-construction conference, for review and approval by the county EngineerCounty Director of Community Development or his designee. Updated construction schedules shall be supplied to the County with each application for payment. An updated construction schedule will always be supplied when any extension of the Contract Time has been granted by the County. Failure to provide any requested update of the construction schedule is grounds for termination. The Contractor shall prepare and keep current, for the County’s approval, a schedule of submittals which is coordinated with the Contractor’s construction schedule and allows the County reasonable time to review the submittals. Approval by the Engineer of any construction schedule indicating completion of the Work in less time than allotted by the Bid forms shall not be construed as an acknowledgment, either express or implied, that the Work can be completed within the time shown on this schedule, and shall not under any circumstances give rise to a cause of action for damages by the Contractor.

Maintenance Bond. The payment bond and the performance bond shall be in a sum equal to the contract price. If the performance bond provides for a one year warranty a separate Maintenance Bond is not necessary. If the warranty period specified in the contract is for longer than one year a Maintenance Bond equal to 10% of the contract price is required. Bonds Xxxxx shall be duly executed by a responsible corporate surety, authorized to issue such bonds in the State of Michigan and secured through an authorized agent with an office in Michigan. The intent of the Plans, Specifications and Contract is to provide for the completion of the Work in substantial compliance with the details as shown thereon and as described herein. The Contractor shall furnish all labor, materials, equipment, tools, transportation and necessary supplies, and shall perform all operations required to complete the Work in accordance with the Specifications, and the lines, grades and cross-sections provided for on the Plans, by Change Order or by Contract Modification. The Contractor shall have the affirmative responsibility to carefully study and compare the Contract Documents with each other and with information furnished by the County. The Contractor shall have the responsibility to immediately report to the County errors, inconsistencies or omissions discovered. If the Contractor performs any construction Work knowing it involves a recognized error, inconsistency or omission in the Contract Documents without such notice to the County, the Contractor shall assume appropriate responsibility for such performance and shall bear an appropriate amount of the attributable costs for correction. The construction schedule or critical path method (CPM) as required in the Invitation For Bid shall be submitted, prior to the pre-construction conference, for review and approval by the county Engineer. Updated construction schedules shall be supplied to the County with each application for payment. An updated construction schedule will always be supplied when any extension of the Contract Time has been granted by the County. Failure to provide any requested update of the construction schedule is grounds for termination. The Contractor shall prepare and keep current, for the County’s approval, a schedule of submittals which is coordinated with the Contractor’s construction schedule and allows the County reasonable time to review the submittals. Approval by the Engineer of any construction schedule indicating completion of the Work in less time than allotted by the Bid forms shall not be construed as an acknowledgment, either express or implied, that the Work can be completed within the time shown on this schedule, and shall not under any circumstances give rise to a cause of action for damages by the Contractor.