Common use of Payment, Performance, and Maintenance Bonds Clause in Contracts

Payment, Performance, and Maintenance Bonds. City shall require Owner or Owner’s Contractor(s) to provide performance and payment bonds at the time of construction of the Offsite Roads as applicable, in accordance with Applicable Rules. Owner or Contractor shall provide a two (2) year maintenance bond upon acceptance by City.

Payment, Performance, and Maintenance Bonds. City shall may require Owner or Owner’s Contractor(s) to provide performance and payment bonds at the time of construction of the Offsite Roads as applicable, in accordance with Applicable Rules. Owner or Contractor shall provide a two (2) year maintenance bond upon acceptance by City.

Payment, Performance, and Maintenance Bonds. The City shall require the Owner or Owner’s Contractor(s) to provide performance and payment bonds (in a form reasonably acceptable to the City) at the time of construction of the Offsite Roads final plat approval to assure that public improvements are constructed as applicable, in accordance with Applicable Rulesproposed. Owner or Contractor shall provide a two (2) year maintenance bond upon acceptance by the City.