Performance, Payment, and Other Bonds. 4.1.1 Contractor shall furnish performance and payment Bonds, each in an amount equal to the Contract Sum as security for the faithful performance and payment of all Contractor's obligations under the Contract Documents. These Bonds shall remain in effect at least until one year after the date when final payment becomes due, except as provided otherwise by Laws or Regulations or by the Contract Documents. Contractor shall also furnish such other Bonds as are required by the Contract Documents.
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Performance, Payment, and Other Bonds. 4.1.1 Contractor shall furnish performance and payment Bonds, each a Performance Bond in an amount at least equal to the Contract Sum price and a Payment Bond in an amount at least equal to the Contract price as security for the faithful performance and payment of all of Contractor's ’s obligations under the Contract Documents. These Bonds shall remain in effect at least until one year after the date when final payment becomes duedue or until completion of the correction period, if any, except as provided otherwise by Laws laws or Regulations regulations or by the Contract Documents. Contractor shall also furnish such other Bonds as are required by the Contract Documents.
Appears in 4 contracts
Samples: Form of Agreement, Form of Agreement, Form of Agreement
Performance, Payment, and Other Bonds. 4.1.1 Contractor shall furnish performance and payment Bondsbonds, each in an amount equal to the Contract Sum Price as security for the faithful performance and payment of all Contractor's obligations under the Contract Documents. These Bonds shall remain in effect at least until one year after the date when final payment becomes due, except as provided otherwise by Laws or Regulations or by the Contract Documents. Contractor shall also furnish such other Bonds as are required by the Contract Documents.
Appears in 3 contracts
Performance, Payment, and Other Bonds. 4.1.1 A. Contractor shall furnish performance and payment Bondsbonds, each in an amount at least equal to the Contract Sum Price as security for the faithful performance and payment of all of Contractor's ’s obligations under the Contract Documents. These Bonds bonds shall remain in effect at least until one year after the date when final payment becomes dueis made by the Owner or until completion of the correction period specified in Paragraph 13.07, whichever is later, except as provided otherwise by Laws or Regulations or by the Contract Documents. Contractor shall also furnish such other Bonds bonds as are required by the Contract Documents.
Appears in 1 contract
Samples: Agreement Between Owner and Contractor for Construction Contract
Performance, Payment, and Other Bonds. 4.1.1 A. Contractor shall furnish performance and payment Bondsbonds, each in an amount at least equal to the Contract Sum Price as security for the faithful performance and payment of all of Contractor's ’s obligations under the Contract Documents. These Bonds bonds shall remain in effect at least until one year after the date when final payment becomes duedue or until completion of the correction period specified in Paragraph 13.07, whichever is later, except as provided otherwise by Laws or Regulations or by the Contract Documents. Contractor shall also furnish such other Bonds bonds as are required by the Contract Documents.
Appears in 1 contract
Samples: www.cityofbelpre.com