PERFORMANCE AND BID BONDS. Whenever a bid bond or performance bond is required, the bidder may meet the requirement by submitting an acceptable cashier's check, certified check, banker's check or an irrevocable letter of credit in the amount required. Whenever a performance bond is required, the successful bidder shall keep all provisions and requirements of the bond up-to-date throughout the term of the contract.
Appears in 5 contracts
Samples: Articles of Agreement, Prequalified Master Agreement, Pre Qualified Master Agreement
