Common use of Bond Amount Clause in Contracts

Bond Amount. The Bond shall be in a sum equal to twenty-five percent (25%) of the Agreement amount, unless otherwise stated in the Specifications. Authority may file a claim against the Bond if Consultant fails or refuses to fulfill the terms and provisions of the Agreement.

Appears in 2 contracts

Samples: Consultant Services Agreement, Consultant Services Agreement

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Bond Amount. The Bond shall be in a sum equal to twenty-five percent (25%) of the Agreement Contract amount, unless otherwise stated in the Specifications. Authority may file a claim against the Bond if Consultant Contractor fails or refuses to fulfill the terms and provisions of the AgreementContract.

Appears in 2 contracts

Samples: Consultant Services Agreement, Consultant Services Agreement

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