Common use of Subcontract Requirements Clause in Contracts

Subcontract Requirements. (1) On subcontracts where the bid exceeds $100,000.00, the Construction Manager may require Sub- Contractors to provide a I00% performance bond and a 100% labor and material payment bond from a surety company authorized to do business in the State of Florida by the Department of Insurance. If the Construction Manager wishes to award subcontracts to subcontractors unable to supply this bonding, he shall request authorization by the Owner to do so. Upon providing justifiable background information, such authorization shall not be withheld unreasonably. 1. Subcontract bidders must submit experience, bonding capability and financial condition. The Sub- Contractors experience, bonding capability and financial condition must demonstrate that adequate assets and equipment are available to properly perform the subcontract.

Subcontract Requirements. (1) On all subcontracts where the bid exceeds $100,000.00100,000, the Construction Manager Contractor, or Owner, may require Sub- Contractors subcontractors to provide a I00100% performance bond and a 100% labor and material payment bond from a surety company authorized to do business in the State of Florida by the Department of Insurance. If the Construction Manager Contractor wishes to award subcontracts to subcontractors contractors unable to supply this bonding, he shall Contractor may request special authorization by the Owner to do so. Upon providing justifiable background information, such authorization shall not be withheld unreasonably. 1. (2) Subcontract bidders must submit experience, bonding capability a completed experience questionnaire and financial conditionstatement on a form acceptable to Contractor. The Sub- Contractors experience, bonding capability and subcontractors financial condition must demonstrate that adequate fixed and liquid assets and equipment are available to properly perform the subcontract.

Subcontract Requirements. (1) On all subcontracts where the bid exceeds $100,000.00100,000, the Construction Manager Contractor may require Sub- Contractors subcontractors to provide a I00100% performance bond and a 100% labor and material payment bond from a surety company authorized to do business in the State of Florida by the Department of Insurance. If the Construction Manager Contractor wishes to award subcontracts to subcontractors contractors unable to supply this bonding, he shall Contractor may request special authorization by the Owner to do so. Upon providing justifiable background information, such authorization shall not be withheld unreasonably. 1. (2) Subcontract bidders must submit experience, bonding capability a completed experience questionnaire and financial conditionstatement on a form acceptable to Contractor. The Sub- Contractors experience, bonding capability and subcontractors financial condition must demonstrate that adequate fixed and liquid assets and equipment are available to properly perform the subcontract.

Subcontract Requirements. (1) On all subcontracts where the bid exceeds $100,000.00100,000, the Construction Manager may shall require Sub- Contractors subcontractors to provide a I00100% performance bond and a 100% labor and material payment bond from a surety company authorized to do business in the State of Florida by the Department of InsuranceFinancial Services, Office of Insurance Regulation. If the Construction Manager wishes to award subcontracts to subcontractors unable to supply this bonding, he shall request special authorization by the Owner may be requested to do so. Upon providing justifiable background information, such authorization shall not be withheld unreasonablyso from the Owner. 1. Subcontract bidders (2) On all subcontracts where the bid exceeds $200,000.00, each subcontractor must submit experience, bonding capability provide proof of their experience to perform the trade and a financial conditionstatement to the Construction Manager. The Sub- Contractors experience, bonding capability and subcontractors’ financial condition must demonstrate that adequate fixed and liquid assets and equipment are available to properly perform the subcontract.

Subcontract Requirements. (1) On subcontracts where the bid exceeds $100,000.00, the Construction Manager may require Sub- Contractors to provide a I00% performance bond and a 100% labor and material payment bond from a surety company authorized to do business in the State of Florida by the Department of Insurance. If the Construction Manager wishes to award subcontracts to subcontractors unable to supply this bonding, he shall request special authorization by the Owner owner to do so. Upon providing justifiable background information, such authorization shall not be withheld unreasonably. 1. Subcontract bidders must submit experience, bonding capability and financial condition. The Sub- Contractors experience, bonding capability and financial condition must demonstrate that adequate assets and equipment are available to properly perform the subcontract.