PAYMENT BONDPayment Bond • May 3rd, 2021
Contract Type FiledMay 3rd, 2021WHEREAS, said Principal is required to furnish a bond in connection with such agreement; providing that if said Principal or any of his/her or its Subcontractors shall fail to pay for any materials, provisions, provender, equipment, or other supplies use in, upon, for or about the performance of the work to be done, or for any work or labor done thereon of any kind, or for amounts due under the Unemployment Insurance Code or for any amounts required to be deducted, withheld, and paid over to the Employment Development Department from the wages of employees of said Principal and his/her Subcontractors with respect to such work or labor the Surety on this bond will pay for the same to the extent hereinafter set forth.