CONTRACT BOND definition

CONTRACT BOND. The approved form of security furnished by the contractors and his surety as a guaranty of good faith on the part of the contractor to execute the work in accordance with the terms of the contract.

CONTRACT BOND means any information provided in the tender document and agreed to by the Bidder.

CONTRACT BOND means a bond to secure the performance of a Fund Project;

Examples of CONTRACT BOND in a sentence

• CONTRACT BOND: The approved form of security furnished by the contractor and his surety as a guaranty of good faith on the part of the contractor to execute the work in accordance with the terms of the contract.

• CONTRACT BOND: The successful bidder, at the time of execution of the contract shall deposit with the Department in accordance with the Standard Specifications for Road and Bridge Construction, a surety bond in the amount of five hundred thousand dollars ($500,000).

• CONTRACT BOND: The successful bidder, at the time of execution of the contract shall deposit with the Department in accordance with the Standard Specifications for Road and Bridge Construction, a surety bond in the amount of fifty thousand dollars ($50,000).

• CONTRACT BOND – The approved form of security furnished by the CONTRACTOR and his/her surety as a guaranty that he/she will execute the WORK in accordance with the terms of the CONTRACT.

• SURETY – The corporation, partnership, or individual, other than the CONTRACTOR, executing the CONTRACT BOND.

More Definitions of CONTRACT BOND

CONTRACT BOND means performance and payment bond furnished by the Proposer/ Contractor and the PROPOSER/CONTRACTOR’s Surety to provide assurance that the PROPOSER/CONTRACTOR will perform the Contract and make required payments.

CONTRACT BOND means collectively the approved forms of security furnished by Contractor and Contractor’s Surety or Sureties as a guarantee of good faith on the part of Contractor to execute and pay for the Work in accordance with the terms of the Contract.

CONTRACT BOND means the payment and performance bond furnished by Contractor pursuant to the Contract.

CONTRACT BOND means Bonds which are to be acquired by the Trust Fund pursuant to contracts, including (i) Bonds listed in Schedule A and (ii) Bonds which the Depositors have contracted to purchase for the Trust Fund pursuant to Section 3.14 hereof.

CONTRACT BOND means a bond to secure the perform ance of a Fund Project;

CONTRACT BOND means a bond to secure the performance of a Fund project; “contractor” means a telecommunications provider who is awarded a c o ntrac t

CONTRACT BOND means a bond to secure the performance of a Fund project; “contractor” means a telecommunications provider who is awarded a contractin accordance with regulation 32;