Examples of Maintenance Bond in a sentence
The submitted Performance and Maintenance Bond shall be substantially in the form of the “Form of Performance and Maintenance Bond” included within the Bid Documents.
Upon expiration of the one (1) year correction period, the City shall release the Performance and Maintenance Bond, less any amounts reasonably necessary to remedy any of the Contractor's performance and/or maintenance obligations under this Agreement that may still be outstanding at the time.
Developer: By: CITY OF NORTH BEND, King County, Washington By: Xxxx Xxxxxx, Mayor EXHIBIT A Legal Description EXHIBIT B Preliminary Plat / Site Plan City of North Bend Performance and Maintenance Bond Agreement RE: North Bend Permit No.: Applicant: Project Address: Estimated Cost of Completed Project: This Performance and Maintenance Security Agreement (the “Agreement”) is made and entered on the last date set forth below, between the City of North Bend (“City”) and the above named Applicant (“Developer”).
The Performance and Maintenance Bond furnished shall guarantee the faithful performance of the Work and warrant the Work for the guaranty period established in this City-Contractor Agreement.
The Contractor shall also furnish within five (5) days of notification of contract award a satisfactory Performance and Maintenance Bond in the full amount of the Bid based on the bid quantities listed on the Bid Proposal form.