Public Works Bond definition

Public Works Bond means a $30,000 form of security furnished by the Contractor and/or Subcontractor and Contractor’s and/or Subcontractor’s Surety to the Construction Contractors Board to pay claims ordered by the Bureau of Labor and Industries to workers performing labor under a public works project.
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Examples of Public Works Bond in a sentence

  • PERFORMANCE, PAYMENT, AND PUBLIC WORKS BONDSIn addition to the required payment bond and performance bond, unless exempt under ORS 279C.836 (7), (8), or (9), the contractor is required to file a $30,000 Public Works Bond with the Construction Contractor’s Board to be used exclusively for unpaid wages determined to be due by BOLI.

  • The general contractor is required to verify that subcontractors, unless exempt, have filed a public works bond before permitting a subcontractor to start work on a project.The Statutory Public Works Bond form is available from BOLI upon request or may be downloaded from http://www.oregon.gov/BOLI/WHD/pages/index.aspx.

  • The Bidder certifies that the required Statutory Public Works Bond has been filed with the Construction Contractor’s Board.

  • Public Works Bond.i. Contractors who work on public works projects, subject to the PWR law, are required to file a$30,000 Public Works Bond to be used exclusively for unpaid wages determined to be due by BOLI.

  • The Public Works Bond must be furnished by a surety company authorized to do business in Oregonc.

  • Neither Final Acceptance, nor final payment, shall release Contractor or its sureties from any obligations of these Contract Documents or the Public Works Bond, or constitute a waiver of any claims by Owner arising from Contractor's failure to perform the Work in accordance with the Contract Documents.

  • I have filed with the Construction Contractors Board (“Board”), a Public Works Bond in the amount of $30,000 with a corporate surety authorized to do business in the State of Oregon.Yes No (Check one) 2.

  • Contractors who work on public works projects, subject to the PWR law, are required to file a $30,000 Public Works Bond to be used exclusively for unpaid wages determined to be due by BOLI.

  • I also certify that before beginning any work on the Project, I will provide the City of Roseburg and the Construction Contractors Board written notice that I have elected not to file the Public Works Bond.

  • I have elected not to file a Public Works Bond with the Board because I am a disadvantaged, minority, women, disabled veteran or emerging small business enterprise certified under ORS 200.055.

Related to Public Works Bond

  • 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.

  • Public works and “Building Services” - Definitions

  • Public works project means the erection, construction, alteration, repair, or improvement of any public structure, building, road, or other public improvement of any kind.

  • Public Works Act means the Public Works Xxx 0000;

  • Public work means public work as defined in section 2 of P.L.1963, c.150 (C. 34:11-56.26) and which is subject to the provisions of P.L.1963, c.150 (C. 34:11-56.25 et seq.). Public work shall not include the provision of goods or products.

  • Procurement Regulations means, for purposes of paragraph 85 of the Appendix to the General Conditions, the “World Bank Procurement Regulations for IPF Borrowers”, dated November 2020.

  • Public Areas means (1) public parks, playgrounds, trails, paths and other recreational areas; (2) other public open spaces; (3) scenic and historic sites; and (4) sites for schools and other public buildings and structures.