Payment and Performance Bonds. If the value of this Bid is below $50,000, Performance and Payment Bonds are not required; however, the City will not pay the Contractor until the work is accepted and the Contractor furnishes an acceptable Release of Lien and Affidavit of Bills Paid to the City.
Appears in 9 contracts
Samples: Contract Agreement, Contractor Agreement, Contract Agreement
Payment and Performance Bonds. If the value of this Bid is below $50,000, Performance and Payment Bonds are not required; however, the City will not pay the Contractor until the work is accepted and the Contractor furnishes an acceptable Release of Lien Xxxx and Affidavit of Bills Xxxxx Paid to the City.
Appears in 3 contracts
Samples: Construction Contract, Contract Agreement, Construction Contract
