– Performance and Payment Bonds for Construction Sample Clauses

– Performance and Payment Bonds for Construction. Airline shall not commence construction upon the Premises until Airline demonstrates compliance with all performance and payment bond requirements under Applicable Laws and Airport Rules and Regulations, including without limitation the applicable provisions of California Civil Code Section 9550. In lieu of said bonds, the President/CEO may at the President/CEO’s reasonable discretion accept the performance and labor and material bonds supplied by Xxxxxxx’s contractors or subcontractors. Whether secured by Airline or its contractors or subcontractors, all bonds must be issued by a company qualified to do business in the State of California, be in a form acceptable to Authority, and comply with the requirements of California law.
Sample 1
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– Performance and Payment Bonds for Construction. No major construction shall be commenced upon the Airline Leased Premises by Airline until Airline has secured and submitted to Authority performance and payment bonds in the amount of the total estimated construction cost of improvements to be constructed by Airline. In lieu of said bonds, the President/CEO of Authority may at the President/CEO’s reasonable discretion accept the performance and labor and material bonds supplied by Airline's contractor or subcontractors. Said bonds must be issued by a company qualified to do business in the State of California, be in a form acceptable to Authority, and comply with the requirements of California law.‌
Sample 1

Related to – Performance and Payment Bonds for Construction

  • COMPENSATION FOR CONSTRUCTION PHASE SERVICES 5.1 For the Construction Manager’s performance of the Work as described in Section 2.3, the Owner shall pay the Construction Manager the Contract Sum in current funds. The Contract Sum is the Cost of the Work as defined in Section 6.1.1 plus the Construction Manager’s Fee.

  • BUILDER’S RISK FOR CONSTRUCTION RENOVATION PROJECTS If the project is CONSTRUCTION RENOVATION of an existing structure, and the State has already determined that Contractor will not be obligated to obtain and maintain Builder’s Risk insurance, then the following provisions apply:

  • RESPONSIBILITY FOR CONSTRUCTION COST 5.2.1 Evaluations of the Owner's Project budget, preliminary estimates of Construction Cost and detailed estimates of Construction Cost prepared by the Design Professional represent the Design Professional's best judgment as a design professional familiar with the construction industry. It is recognized, however, that neither the Design Professional nor the Owner has control over the cost of labor, materials or equipment, over the Contractor's methods of determining bid prices, or over competitive bidding or market conditions. Accordingly, the Design Professional cannot and does not warrant or represent that bids or cost proposals will not vary from the Owner's Project budget or from any estimate of Construction Cost or evaluation prepared or agreed to by the Design Professional.

  • ADDITIONAL CONSTRUCTION The Promoter undertakes that it has no right to make additions or to put up additional structure(s) anywhere in the Project after the building plan has been approved by the competent authority (ies) except for as provided in the Act.

  • General Construction Obligations (a) Without limiting Section 10.3:

  • ADDITIONAL CONSTRUCTIONS The Promoter undertakes that it has no right to make additions or to put up additional structure(s) anywhere in the Project after the building plan has been approved by the competent authority(ies) except for as provided in the Act.

  • Construction Phase - Administration of the Construction Contract 1.6.1 The Construction Phase shall commence with the acceptance of the Construction Manager’s Guaranteed Maximum Price (or acceptance of a partial Guaranteed Maximum Price for a stage or phase) and issuance of a Notice to Proceed with Construction Services and terminate sixty (60) days after Final Payment to the Contractor is made, or when all of Architect/Engineer’s services have been satisfactorily performed, whichever occurs later.

  • Project Construction The Contractor agrees to provide continuous on-site supervision on each Job Order, while progress on the project is being accomplished. The Contractor’s Project Manager will ensure:

  • Contract Construction 6.27.1 The parties acknowledge that each party and its counsel have reviewed this CONTRACT and that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this CONTRACT or any amendment or exhibits hereto.

  • PRE-CONSTRUCTION PHASE FEE The Pre-Construction Phase Fee is the total compensation payable to Contractor for the performance of Pre-Construction Phase Services, except for Additional Pre-Construction Phase Services approved in advance and in writing by Owner. The Pre-Construction Phase Fee shall be a lump sum amount based on the AACC established in this Agreement.

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