Payment and Performance Bond. Prior to the execution of this Contract, City may require Contractor to post a payment and performance bond (Bond). The Bond shall guarantee Contractor’s faithful performance of this Contract and assure payment to contractors, subcontractors, and to persons furnishing goods and/or services under this Contract.
Appears in 93 contracts
Samples: Contract Resulting From Request for Proposal, Contract for Education and Community Outreach Services, Janitorial Services Contract
Payment and Performance Bond. Prior to the execution of this Contract, or prior to the commencement of specific work by Contractor or its Subcontractors, City may require Contractor to post a payment and performance bond (Bond). The Bond shall guarantee Contractor’s faithful performance of this Contract and assure payment to contractors, subcontractors, and to persons furnishing goods and/or services under this Contract.
Appears in 4 contracts
Samples: Management Agreement, Management Agreement, Management Agreement
