Purpose of Bond. The performance bond is to protect the Division and the State against any loss sustained through failure of the Contractor's performance of the Services in accordance with the Contract. No payments shall be made to the Contractor until the performance bond is in place and approved by the Division in writing.
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Purpose of Bond. The performance bond is to protect the Division Department and the State against any loss sustained through failure of the Contractor's Service Provider’s performance of the Services in accordance with the Contract. No payments shall be made to the Contractor Service Provider until the performance bond is in place and approved by the Division Department in writing.
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Samples: Service Provider Services
