Required Bonds. The Contractor shall purchase and maintain throughout the term of this Agreement, the following bonds: i. Performance Bond insuring performance of all of the obligations of the Contactor as required by the Contract in the amount of 100% of the Contract Amount. ii. Labor and Material Payment Bond insuring the payment of all of the Subcontractors and material suppliers of the Contractor in the amount of 100% of the Contract Amount.
Appears in 9 contracts
Samples: Owner Contractor Agreement, Owner Contractor Agreement, Owner Contractor Agreement
