PERFORMANCE AND PAYMENT SECURITY; PUBLIC WORKS BOND. G.2.1 When the Contract Price is $100,000 or more (or $50,000 or more in the case of Contracts for highways, bridges and other transportation projects) the Contractor shall furnish and maintain in effect at all times during the Contract Period, a performance bond in a sum equal to the Contract Price, and a separate payment bond also in a sum equal to the Contract Price. The bonds may be required if the Contract Price is less than the above thresholds, if required by the Contract Documents.
Appears in 7 contracts
Samples: Sample Construction, Energy Savings Performance Contract, www.astoria.gov
PERFORMANCE AND PAYMENT SECURITY; PUBLIC WORKS BOND. G.2.1 When the Contract Price is $100,000 or more (or $50,000 or more in the case of Contracts for highways, bridges and other transportation projects) ), the Contractor shall furnish and maintain in effect at all times during the Contract Period, Period a performance bond in a sum equal to the Contract Price, Price and a separate payment bond also in a sum equal to the Contract Price. The Contractor shall furnish such bonds may be required even if the Contract Price is less than the above thresholds, thresholds if otherwise required by the Contract Documents.
Appears in 3 contracts
Samples: wou.edu, Forest Road Infrastructure Contract Oregon State University, bid.oregonstate.edu
PERFORMANCE AND PAYMENT SECURITY; PUBLIC WORKS BOND. G.2.1 When the Contract Price is $100,000 or more (or $50,000 or more in the case of Contracts for highways, bridges and other transportation projects) the Contractor shall furnish and maintain in effect at all times during the Contract Period, a performance bond in a sum equal to the Contract Price, and a separate payment bond also in a sum equal to the Contract Price. The bonds may be required if the Contract Price is less than the above thresholds, if required by the Contract Documents.
Appears in 2 contracts
Samples: Multnomah County Construction Services Contract, Emergency Construction Services Contract
PERFORMANCE AND PAYMENT SECURITY; PUBLIC WORKS BOND. G.2.1 When the Contract Agreement Price is $100,000 or more (or $50,000 or more in the case of Contracts for highways, bridges and other transportation projects) ), the Contractor shall furnish and maintain in effect at all times during the Contract Period, Agreement Period a performance bond in a sum equal to the Contract Price, Agreement Price and a separate payment bond also in a sum equal to the Contract Agreement Price. The Contractor shall furnish such bonds may be required even if the Contract Agreement Price is less than the above thresholds, thresholds if otherwise required by the Contract Agreement Documents.
Appears in 1 contract
Samples: www.pdx.edu
