Labour and Material Payment Bond definition

Labour and Material Payment Bond means the labour and material payment bond as described in and which satisfy the requirements of subsection 20.1.1(b).
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Labour and Material Payment Bond means the type of security furnished to the Owner to guarantee payment to Subcontractors and suppliers for Work performed in accordance with the Contract and to the extent provided in the bond. The form of the Labour and Material Payment Bond will be in the form prescribed under the Construction Act.
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Labour and Material Payment Bond means the bond issued in the name of the Owner for fifty percent (50%) of the Contract Price to assure the Contract makes payment to all parties it is contracted to for the performance of the Work on the standard bond form - Canadian Construction Association Document No. (S)22.
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Examples of Labour and Material Payment Bond in a sentence

  • If a Labour and Material Payment Bond is provided pursuant to the contract the Contractor shall post on the site of the work a notice to that effect which shall include the name and address of the Surety, definition of those persons protected therein and an outline of the procedure for submitting a claim.

  • Furthermore, conservative 95% interval estimates of the age-adjusted NH AIAN-to-NH White YPLL RR are completely above 1.0, 2.0, and 3.0 in 20, 14, and 11 of the examined states, respectfully, greater than the corresponding numbers for the age-adjusted NH AIAN-to-NH White mortality RR’s.

  • Bidders shall submit with their Bid Form an “Agreement to Bond” or “Consent of Surety”, stating that the surety is willing to supply the required Performance Bond and Labour and Material Payment Bond.

  • Failure to execute the Labour and Material Payment Bond will result in the City retaining the Bid Security.

  • Labour and Material Payment Bond Labour and material payment surety shall be in the amount of fifty percent (50%) of the total amount and is a requirement of this tender.

  • The forms of these bonds are to be those issued by the Canadian Construction Documents Committee as follows: Bid Bond: CCDC 220 (latest) Performance Bond: CCDC 221 (latest) Labour and Material Payment Bond: CCDC 222 (latest)3.2 Each Tender must be accompanied by a “Consent of Surety”, substantially in the form provided as a schedule to the Form of Tender, duly completed by a surety company authorized and licensed to carry on business in British Columbia.

  • The acceptance of a Tender and the execution of an Agreement by the Owner is subject to the express condition that the Owner receive a Performance Bond and Labour and Material Payment Bond, as required herein, and in a form satisfactory to the Owner, within seven (7) days after notification of the execution of the Agreement by the Owner has been mailed to the Tenderer whose Tender has been accepted.

  • Funding and/or Contribution Agreement Obligations 7Form H1: Performance Bond 10Form H2: Labour and Material Payment Bond 12Form J: Subcontractor List 14 PART E - SPECIFICATIONSGeneralE1.

  • The successful Bidder is required to submit the Labour and Material Payment Bond for fifty percent (50%) of the Total Bid Price including GST.

  • Funding and/or Contribution Agreement Obligations 7Form H1: Performance Bond 9Form H2: Labour and Material Payment Bond 11Form H3: Irrevocable Standby Letter of Credit 13Form J: Subcontractor List 15 PART E - SPECIFICATIONSGeneralE1.


More Definitions of Labour and Material Payment Bond

Labour and Material Payment Bond has the meaning as set out in Section C1.1 (a)(ii) of the Design Build Agreement;
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Labour and Material Payment Bond means a bond issued by a surety company licensed to issue surety bonds in Alberta that ensures the Contractor will pay for all Construction Equipment, Total Labour Costs, Materials, and all other services required for performance of the Agreement.
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Labour and Material Payment Bond means an instrument, from an Ontario based surety company, executed, subsequent to Award, by the successful Bidder, that protects the City from loss due to the Bidder’s inability to pay any or all subcontractors and/or suppliers associated with the Contract as agreed, and is a risk reduction mechanism that secures the fulfillment of all Contract requirements;
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Related to Labour and Material Payment Bond

  • contract worker means a natural person who is —

  • Contract Cost means the Contract Sum plus Price Variation. This cost shall be included in the letter of acceptance.

  • Estimated Social Security means, for an employee covered by Social Security, an employee's estimated OASDI retirement benefit. The benefit is based upon an estimated "average indexed monthly earnings" for an employee retiring at age 65 in 2021 - it does not include any amounts which might be payable to an eligible spouse or children.

  • Data Protection Impact Assessment means an assessment by the Controller of the impact of the envisaged processing on the protection of Personal Data.

  • Environmental Protection Agency (EPA) means the United States Environmental Protection Agency.

  • The Contract Price/Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Day Worker means a worker who works his/her ordinary hours from Monday to Friday inclusive and who commences on such days at or after 6 a.m. and before 10 a.m. otherwise than as part of a shift system.

  • public works contract means any agreement between any individual, firm or corporation and the State or any political subdivision of the State other than a municipality for construction, rehabilitation, conversion, extension, demolition or repair of a public building, highway or other changes or improvements in real property, or which is financed in whole or in part by the State, including, but not limited to, matching expenditures, grants, loans, insurance or guarantees.

  • Agency Worker means the individual who is Introduced by the Employment Business to provide services to the Hirer;

  • Contractor means the individual or entity, that has entered into this contract with the Commonwealth.

  • Contract Work means everything required to be furnished and done by the Contractor by any one or more of the parts of the Contract referred to in Article 1, except Extra Work as hereinafter defined.

  • Contract feeder means a person who as an independent contractor, feeds commercial feed to animals pursuant to a contract whereby such commercial feed is supplied, furnished or otherwise provided to such person and whereby such person’s remuneration is determined all or in part by feed consumption, mortality, profits or amount or quality of product.

  • Cost-reimbursement contract means a contract under which a contractor is

  • Unpaid estimated income tax means estimated income tax due but not paid by the date the tax is required to be paid under applicable law.

  • MONTHLY KILOMETREAGE STATEMENT CUM BILL means the format specified by the Company.

  • Medicare cost report means CMS-2552-10, the cost report for electronic filing of

  • Cost outlier means cases which have an extraordinarily high cost as established in 79.1(5)“f,” so as to be eligible for additional payments above and beyond the initial DRG payment.

  • Extra Work means any work which is determined by City to be necessary for the proper completion of the Project, but which the Parties did not reasonably anticipate would be necessary at the execution of this Agreement. Consultant shall not perform, nor be compensated for, Extra Work without written authorization from City’s Representative.

  • Builder means the general contractor.

  • Indigenous Peoples means social groups with a distinct social and cultural identity that makes them vulnerable to being disadvantaged in the development process, including the presence in varying degrees of the following characteristics: (i) a close attachment to ancestral territories and to the natural resources in these areas; (ii) self-identification and identification by others as members of a distinct cultural group; (iii) an indigenous language, often different from Pilipino, the Recipient’s national language; (iv) presence of customary social and political institutions; and (v) primarily subsistence-oriented production.

  • EPC Contractor means the contractor responsible for engineering, procurement and construction of the Facility, including Seller if acting as contractor, and including all subcontractors.

  • Estimated Cost , for the purposes of rule 22, means the estimated cost to maintain, repair or replace a major capital item;

  • Contract Fee means the price, fee, rent, or royalty payable in a contract under this chapter or

  • Contract Price means the price payable to the supplier under the contract for the full and proper performance of his contractual obligations.

  • Training Contract means an agreement signed by the employer and the Apprentice or Trainee (and a parent or guardian if applicable), in accordance with the Act and Regulatory requirements.

  • Contract Amount means: