Common use of Payment Bond Clause in Contracts

Payment Bond. A bond in an amount at least equal to one hundred percent (100%) of the Guaranteed Maximum Price as security for payment of persons performing labor and/or furnishing materials in connection with this Contract.

Appears in 18 contracts

Sources: General Construction Agreement, General Construction Agreement, General Construction Agreement

Payment Bond. A bond in an amount at least equal to one hundred percent (100%) of the Guaranteed Maximum Contract Price as security for payment of persons performing labor and/or furnishing materials in connection with this Contract.

Appears in 13 contracts

Sources: Site Lease, Site Lease, Master Site Lease

Payment Bond. A bond in an amount at least equal to one hundred percent (100%) of the Guaranteed Maximum Contract Price as security for payment of persons performing labor and/or furnishing materials in connection with this Contractthe Agreement.

Appears in 8 contracts

Sources: Construction Contract, Construction Contract, Construction Contract

Payment Bond. A bond in an amount at least equal to one hundred percent (100%) of the Guaranteed Maximum Total Project Price as security for payment of persons performing labor and/or furnishing materials in connection with this the Contract.

Appears in 6 contracts

Sources: Master Contract for Plumbing Construction Services, Master Contract for Furniture Vendor Services, Master Contract for Construction Services

Payment Bond. A bond in an amount at least equal to one hundred percent (100%) of the Guaranteed Maximum Contract Price as security for payment of persons performing labor and/or furnishing materials in connection with this the Contract.

Appears in 1 contract

Sources: Construction Agreement (Design Bid Build)

Payment Bond. A bond in an amount at least equal to one hundred percent (100%) of the Guaranteed Maximum Price contract price as security for payment of persons performing labor and/or furnishing materials in connection with this Contractthe construction project.

Appears in 1 contract

Sources: Mitigation and Construction Agreement