Payment Bond for Entire Agreement. JOC hereby may elect to not have to post a Payment Bond for each Job Order when issued and instead provide to City, under the same requirements for Payment Bonds outlined in this Article XXII, a Payment Bond for the total dollar amount of the anticipated Work JOC might be issued under this Agreement. If JOC elects to provide a Payment Bond for the total dollar amount of anticipated work JOC might be issued under this Agreement, JOC shall coordinate the value of the provided Payment Bond with City.
Appears in 4 contracts
Samples: Job Order Contracting Agreement, Job Order Contracting Agreement, Job Order Contracting Agreement