Common use of Performance, Payment, and Other Bonds Clause in Contracts

Performance, Payment, and Other Bonds. A. CONTRACTOR shall furnish performance and payment Bonds, each in an amount at least equal to the Contract 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. CONTRAC- TOR shall also furnish such other Bonds as are required by the Contract Documents.

Appears in 6 contracts

Samples: Agreement, Agreement, Agreement

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