Payment and Performance Bond. The CONTRACTOR shall submit, upon execution of this agreement, a surety bond, or bonds, as security for faithful performance of the contract and for the payment of all firms or persons performing labor or furnishing materials for the work performed under the contract. The surety on such bond, or bonds, shall be a surety company satisfactory to the CITY.
Appears in 18 contracts
Samples: Public Works Agreement, Public Works Agreement, Public Works Agreement
