Labour & Material Payment Bond definition

Labour & Material Payment Bond means, collectively, the labour and material payment bond and the Multiple Obligee Rider to the labour and material payment bond issued in respect of the construction contract in respect of the Project, by Travelers Insurance Company of Canada number 90040455 dated December 6, 2019.
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Labour & Material Payment Bond has the meaning set out in Schedule 11 [Prices and Payment]; “Labour Disruption” has the meaning set out in Schedule 2 [General Conditions];
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Labour & Material Payment Bond has the meaning set out in Section 3.2 of this Schedule 11 [Prices and Payment];
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Examples of Labour & Material Payment Bond in a sentence

  • The Balance of Contract Price shall be used by the Owner to first mitigate against any potential loss to the Surety under this Bond and then under the Labour & Material Payment Bond, and the Owner shall assert all rights and remedies available to the Owner to the Balance of Contract Price and make payment of the Balance of Contract Price as directed by the Surety.

  • Within ten (10) days after notification of award of the Contract, provide a Performance Bond and a Labour & Material Payment Bond, each in an amount equal to fifty percent (50%) of the amount of the Contract, naming the SSRCE.

  • CCDC 222-2002 Labour & Material Payment Bond in the amount of 50% of the Total Tender price.

  • Not RequiredContractor must submit with the bid a Consent of Surety in the form of a signed and sealed letter from a surety company stating they will provide a Performance and Labour & Material Payment Bond if bid is accepted.

  • For more information, please contact Natalie Smith, nes0031@auburn.edu.

  • Labour & Material Payment Bond Form: The Labour & Material Payment Bond will be in the form and contain the content as set out in Appendix 11-5 [Form of Labour & Material Payment Bond] unless otherwise agreed in writing by BC Hydro.

  • Such Performance Bond and Labour & Material Payment Bond shall be in a form approved by and satisfactory to the Municipality, and shall be issued by a company authorized to issue such bonds within the Province of Saskatchewan, in which the Contractor shall be the principal and the said company the surety, both (including their heirs, executors, administrators and assigns) to be jointly and severally bonded thereunder.

  • The Contractor covenants and agrees that he will furnish an Performance Bond and Labour & Material Payment Bond in the sum of not less than fifty (50) percent of the total estimated price as set forth in Clause(6) of "Tender for Contract" for the proper fulfilment of this contract (which shall include payment of any sums as required under Clause(11) hereof).

  • On bids exceeding $ 50,000.00, submit with the Bid an Agreement to Bond for a 50% Performance Bond, and a 50% Labour & Material Payment Bond.

  • In lieu of the Bid Bond, Performance Bond and Labour & Material Payment Bond, each bidder may submit with their bid an Irrevocable Standby Letter of Credit for a sum not less than ten percent (10%) of the bid amount.

Related to Labour & Material Payment Bond

  • Erroneous Payment Deficiency Assignment has the meaning assigned to it in Section 8.09(d).

  • Responsible Offeror means an Offeror who submits a responsive proposal and who has furnished, when required, information and data to prove that his financial resources, production or service facilities, personnel, service reputation and experience are adequate to make satisfactory delivery of the services, or items of tangible personal property described in the proposal.

  • Responsible adult means a parent, guardian or other adult specifically authorized by law or authorized by a parent or guardian to have custody or control of a minor.

  • Bondable stranded costs rate order means one or more

  • Credible threat means a verbal or nonverbal threat, or a combination of the two, including threats delivered by electronic communication or implied by a pattern of conduct, which places the person who is the target of the threat in reasonable fear for his or her safety or the safety of his or her family members or individuals closely associated with the person, and which is made with the apparent ability to carry out the threat to cause such harm. It is not necessary to prove that the person making the threat had the intent to actually carry out the threat. The present incarceration of the person making the threat is not a bar to prosecution under this section.

  • Responsible Vendor means a vendor with adequate financial resources (or the ability to obtain such resources), who can comply with the delivery requirements, and who is a qualified and established firm regularly engaged in the type of business that provides the goods and/or services herein.

  • Responsible charge means direct control and personal supervision of engineering or surveying work.

  • Material safety data sheet or "MSDS" means the chemical, physical, technical, and safety information document supplied by the manufacturer of the coating, solvent, or other chemical product, usually through the distribution network or retailers.

  • Responsible agency means a public agency, which proposes to carry out or approve a project, for which [a] Lead Agency is preparing or has prepared an EIR or Negative Declaration. For the purposes of CEQA, the term “responsible agency” includes all public agencies other than the Lead Agency, which have discretionary approval power over the project. (Section 15381)

  • Assessment Report : means the assessment report referred to in Articles 32(2) and 33(3) of Regulation (EC) No 834/2007 drawn up by an independent third party fulfilling the requirements of ISO Standard 17011 or by a relevant competent authority, which includes information on document reviews, including the descriptions referred to in Articles 4(3)(b) and 11(3)(b) of this Regulation, on office audits, including critical locations and on risk-oriented witness audits conducted in representative third countries.

  • Material Environmental Liabilities means Environmental Liabilities exceeding $500,000 in the aggregate.

  • Environmental Notice means any written directive, notice of violation or infraction, or notice respecting any Environmental Claim relating to actual or alleged non-compliance with any Environmental Law or any term or condition of any Environmental Permit.

  • High global warming potential hydrofluorocarbons means any hydrofluorocarbons in a particular end use for which EPA’s Significant New Alternatives Policy (SNAP) program has identified other acceptable alternatives that have lower global warming potential. The SNAP list of alternatives is found at 40 CFR part 82, subpart G, with supplemental tables of alternatives available at (http://www.epa.gov/snap/ ).

  • Criteria pollutant means a pollut- ant for which the Administrator has promulgated a national ambient air quality standard pursuant to 42 U.S.C. 7409 (i.e., ozone, lead, sulfur dioxide, particulate matter, carbon monoxide, nitrogen dioxide).

  • 60-Day Delinquent Receivables means, as of any date of determination, all Receivables (other than Repurchased Receivables and Defaulted Receivables) that are sixty (60) or more days delinquent as of such date (or, if such date is not the last day of a Collection Period, as of the last day of the Collection Period immediately preceding such date), as determined in accordance with the Servicer’s Customary Servicing Practices.

  • Assessment roll means a permanent record of the assessment of property as