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 17 contracts

Samples: Facilities Lease, Facilities Lease, Facilities Lease

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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 11 contracts

Samples: Site Lease, Master 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

Samples: Form Construction Contract, Form Construction Contract, Form 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

Samples: Master Contract for Construction Services, Master Contract, Master Contract for Construction Services

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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

Samples: Mitigation and 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 the Contract.

Appears in 1 contract

Samples: Construction Agreement

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