Examples of Project Contract in a sentence
The Net Proceeds of any performance or payment bond or insurance policy and any Net Proceeds received as a consequence of default under any Leased Property Project Contract, shall be deposited into the Leased Property Project Account if received prior to the Completion Date.
The District shall require that each General Contractor that is responsible for any portion of the Leased Property Project provide a performance bond and a separate labor and material payment bond, which shall (a) be executed by a corporate surety licensed to transact business in the State, (b) be in customary form, (c) be in the amount payable to such General Contractor pursuant to its Leased Property Project Contract and (d) be payable to the District.
The District shall require that each Subcontractor that is responsible for any portion of the Leased Property Project procure and maintain, at his own cost and expense, workers’ compensation insurance during the term of its contract, covering all persons working under its Leased Property Project Contract in an amount equal to the then current Colorado statutory limit.
The District shall provide the Trustee a certificate of insurance evidencing such insurance for each General Contractor and Subcontractor prior to the commencement of any Leased Property Project Contract, and shall provide the Trustee a copy of any policy of any General Contractor or Subcontractor upon the Trustee’s request.
The Construction Manager will also assist in recommending correct forms to the Architect for inclusion in the Project Contract Documents.