Common use of BONDS AND INSURANCE Clause in Contracts

BONDS AND INSURANCE. 6.01 Concurrently with Contractor’s execution and delivery of this Agreement, Contractor shall deliver to Owner performance and payment bonds in form and content acceptable to Owner, executed by a surety authorized to issue such bonds in the State of Washington. Such bonds shall be for an amount equal to the Contract sum plus applicable sales tax. In addition, Contractor shall furnish to Owner, at such times and in such amounts, form and content as Owner may in writing request, such other surety bonds issued by a surety acceptable to Owner, in which case the premium for such bonds shall be paid by Owner.

BONDS AND INSURANCE. 6.01 Concurrently with Contractor’s execution and delivery of this Agreement, Contractor shall deliver to Owner performance a Performance and payment bonds Payment Bond in form and content acceptable to Owner, executed by a surety authorized to issue such bonds in the State of Washington. Such bonds shall be for an amount equal to the Contract sum plus applicable sales tax. In addition, Contractor shall furnish to Owner, at such times and in such amounts, form and content as Owner may in writing request, such other surety bonds issued by a surety acceptable to Owner, in which case the premium for such bonds shall be paid by Owner. (Performance and Payment Bonds are required for projects over $35,000.00 excluding tax).

BONDS AND INSURANCE. 6.01 Concurrently with Contractor’s Contractor‟s execution and delivery of this Agreement, Contractor shall deliver to Owner performance and payment bonds in form and content acceptable to Owner, executed by a surety authorized to issue such bonds in the State of Washington. Such bonds shall be for an amount equal to the Contract sum plus applicable sales tax. In addition, Contractor shall furnish to Owner, at such times and in such amounts, form and content as Owner may in writing request, such other surety bonds issued by a surety acceptable to Owner, in which case the premium for such bonds shall be paid by Owner.