Common use of Payment Bonds Clause in Contracts

Payment Bonds. (Standard Form 25A). The penal amount of payment bonds at the time of contract award shall be 100 percent of the original contract price.

Appears in 10 contracts

Samples: Fixed Price Construction Contract, Fixed Price Construction Contract, Fixed Price Construction Contract

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Payment Bonds. (Standard Form 25A25-A). The penal amount of payment bonds at the time of contract award shall be 100 percent of the original contract price.

Appears in 4 contracts

Samples: Contract, Contract, Contract

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Payment Bonds. (Standard Form 25A). The penal amount of payment bonds at the time of contract award shall be 100 percent of the original contract price.

Appears in 1 contract

Samples: Design Build Contract

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