Common use of PERFORMANCE AND MAINTENANCE BOND Clause in Contracts

PERFORMANCE AND MAINTENANCE BOND. The Contractor shall also furnish within five (5) days of notification of contract award a satisfactory Performance and Maintenance Bond in the full amount of the Bid based on the bid quantities listed on the Bid Proposal form. The Performance and Maintenance Bond furnished shall guarantee the faithful performance of the Work and warrant the Work for the guaranty period established in this City-Contractor Agreement. The submitted Performance and Maintenance Bond shall be substantially in the form of the “Form of Performance and Maintenance Bond” included within the Bid Documents.

Appears in 13 contracts

Samples: Construction Contract, Contract Agreement, City Contractor Agreement

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PERFORMANCE AND MAINTENANCE BOND. The Contractor shall also furnish within five ten (510) days of notification of contract award a satisfactory Performance and Maintenance Bond in the full amount of the Bid based on the bid quantities listed on the Bid Proposal form. The Performance and Maintenance Bond furnished shall guarantee the faithful performance of the Work and warrant the Work for the guaranty period established in this City-Contractor Agreement. The submitted Performance and Maintenance Bond shall be substantially in the form of the “Form of Performance and Maintenance Bond” included within the Bid Documents.

Appears in 2 contracts

Samples: Construction Contract, Contract Agreement

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