Bonds. The Contractor shall furnish, at time of signing the Contract, one surety bond which shall protect the laborers and material men and shall be for 100 percent of the amount of the Task Order Contract, in accordance with Section 9554 of the Civil Code, and one surety bond in the amount of 100 percent of the Task Order Contract, guaranteeing the faithful performance of the Contract; said bonds to be first approved by the office of the County Counsel and the County Executive Office of Orange County and shall be at minimum $500,000. Such bonds shall be the forms provided in these specifications, issued, and executed by an admitted surety insurer (authorized to transact surety insurance in California). (e.g., if the bonds are issued through a surplus line broker, both the surplus line broker and the insurer with whom he is doing business for purposes of this project must be licensed in California to issue such bonds.) The faithful performance bond shall be issued by a Surety company with a minimum insurance rating of A- (Secure Best’s Rating) and VIII (Financial Size Category) as determined by the most current edition of the Best’s Key Rating Guide/Property-Casualty/United States or xxxxxx.xxx. The Surety Company must also be authorized to write in California by the Department of the Treasury, and must be listed on the most current edition of the Department of Treasury’s Listing of Approved Securities. If any surety upon any bond furnished in connection with this Contract becomes unacceptable to the County, or if any such surety fails to furnish reports as to his financial condition from time to time as requested by Orange County Sheriff-Coroner Department, the Contractor shall promptly furnish such additional security as may be required by Orange County Sheriff-Coroner Department or the Board of Supervisors from time to time to protect the interests of the County and of persons supplying labor or materials in the prosecution of the Work contemplated by this Contract. If the County increases the total Contract amount the Contractor is to provide a new bond for the new total Contract amount or a bond for the difference.
Appears in 19 contracts
Samples: Electrical Services, Electrical Services, cams.ocgov.com
Bonds. The Contractor shall furnish, at time of signing the Contract, one surety bond which shall protect the laborers and material men and shall be for 100 percent of the amount of the Task Order Contract$500,000, in accordance with Section 9554 of the Civil Code, and one surety bond in the amount of 100 percent of the Task Order Contract$500,000, guaranteeing the faithful performance of the Contract; said . If at any time the value of the total task orders is expected to exceed $500,000, the Contractor shall furnish, in a manner acceptable to the County, evidence that the Contractor is bonded to the expected total value of outstanding task orders for both the faithful performance and laborers and material men bonds. Contractor shall not be entitled to, nor shall County authorize, task orders when the total outstanding value of the task orders under this contract exceeds the bond values for which the County is an obligee. Said bonds to be first approved by the office of the County Counsel and the County Executive Office of Orange County and shall be at minimum $500,000County. Such bonds shall be the forms provided in these specifications, issued, specifications and issued and executed by an admitted surety insurer (authorized to transact surety insurance in California). (e.g., if the bonds are issued through a surplus line broker, both the surplus line broker and the insurer with whom he is doing business for purposes of this project must be licensed in California to issue such bonds.) The faithful performance bond shall be issued by a Surety company with a minimum insurance rating of A- (Secure Best’s Rating) and VIII (Financial Size Category) as determined by the most current edition of the Best’s Key Rating Guide/Property-Casualty/United States or xxxxxx.xxx. The Surety Company must also be authorized to write in California by the Department of the Treasury, and must be listed on the most current edition of the Department of Treasury’s Listing of Approved Securities. If any surety upon any bond furnished in connection with this Contract becomes unacceptable to the County, or if any such surety fails to furnish reports as to his financial condition from time to time as requested by Orange County Sheriff-Coroner Department, the Contractor shall promptly furnish such additional security as may be required by Orange County Sheriff-Coroner Department or the Board of Supervisors from time to time to protect the interests of the County and of persons supplying labor or materials in the prosecution of the Work contemplated by this Contract. If the County increases the total Contract amount the Contractor is to provide a new bond for the new total Contract amount or a bond for the difference.
Appears in 7 contracts
Samples: Order Contract, Order Contract, Order Contract
Bonds. The Contractor shall furnish, at time of signing the Contract, one surety bond which shall protect the laborers and material men and shall be for 100 percent of the amount of the Task Order Contract$4,900,000, in accordance with Section 9554 of the Civil Code, and one surety bond in the amount of 100 percent of the Task Order Contract$4,900,000, guaranteeing the faithful performance of the Contract; said . Contractor shall not be entitled to, nor shall County authorize, task orders when the total outstanding value of the task orders under this contract exceeds the bond values for which the County is an obligee. Said bonds to be first approved by the office of the County Counsel and the County Executive Office of Orange County and shall be at minimum $500,000County. Such bonds shall be the forms provided in these specifications, issued, specifications and issued and executed by an admitted surety insurer (authorized to transact surety insurance in California). (e.g., if the bonds are issued through a surplus line broker, both the surplus line broker and the insurer with whom he is doing business for purposes of this project must be licensed in California to issue such bonds.) The faithful performance bond shall be issued by a Surety company with a minimum insurance rating of A- (Secure Best’s Rating) and VIII (Financial Size Category) as determined by the most current edition of the Best’s Key Rating Guide/Property-Casualty/United States or xxxxxx.xxx. The Surety Company must also be authorized to write in California by the Department of the Treasury, and must be listed on the most current edition of the Department of Treasury’s Listing of Approved Securities. If any surety upon any bond furnished in connection with this Contract becomes unacceptable to the County, or if any such surety fails to furnish reports as to his financial condition from time to time as requested by Orange County Sheriff-Coroner DepartmentOC Public Works, the Contractor shall promptly furnish such additional security as may be required by Orange County Sheriff-Coroner Department OC Public Works or the Board of Supervisors from time to time to protect the interests of the County and of persons supplying labor or materials in the prosecution of the Work contemplated by this Contract. If the County increases the total Contract amount the Contractor is to provide a new bond for the new total Contract amount or a bond for the difference.
Appears in 6 contracts
Samples: cams.ocgov.com, cams.ocgov.com, cams.ocgov.com
Bonds. The Contractor shall furnish, at time of signing the Contract, one surety bond which shall protect the laborers and material men and shall be for 100 percent of the amount of the Task Order Contract, in accordance with Section 9554 of the Civil Code, and one surety bond in the amount of 100 percent of the Task Order Contract, guaranteeing the faithful performance of the Contract; said bonds to be first approved by the office of the County Counsel and the County Executive Office of Orange County and shall be at minimum $500,000. Such bonds shall be the forms provided in these specifications, issued, specifications and issued and executed by an admitted surety insurer (authorized to transact surety insurance in California). (e.g., if the bonds are issued through a surplus line broker, both the surplus line broker and the insurer with whom he is doing business for purposes of this project must be licensed in California to issue such bonds.) The faithful performance bond shall be issued by a Surety company with a minimum insurance rating of A- (Secure Best’s Rating) and VIII (Financial Size Category) as determined by the most current edition of the Best’s Key Rating Guide/Property-Property- Casualty/United States or xxxxxx.xxx. The Surety Company must also be authorized to write in California by the Department of the Treasury, and must be listed on the most current edition of the Department of Treasury’s Listing of Approved Securities. If any surety upon any bond furnished in connection with this Contract becomes unacceptable to the County, or if any such surety fails to furnish reports as to his financial condition from time to time as requested by Orange County Sheriff-Coroner Department, the Contractor shall promptly furnish such additional security as may be required by Orange County Sheriff-Sheriff- Coroner Department or the Board of Supervisors from time to time to protect the interests of the County and of persons supplying labor or materials in the prosecution of the Work contemplated by this Contract. If the County increases the total Contract amount the Contractor is to provide a new bond for the new total Contract amount or a bond for the difference.
Appears in 6 contracts
Samples: General Construction Services, General Construction Services, General Construction Services
Bonds. The Contractor shall furnish, at time of signing the Contract, one surety bond which shall protect the laborers and material men and shall be for 100 percent of the amount of the Task Order Contract$4,900,000, in accordance with Section 9554 of the Civil Code, and one surety bond in the amount of 100 percent of the Task Order Contract$4,900,000, guaranteeing the faithful performance of the Contract; said . If at any time the value of the total task orders is expected to exceed $4,900,000, the Contractor shall furnish, in a manner acceptable to the County, evidence that the Contractor is bonded to the expected total value of outstanding task orders for both the faithful performance and laborers and material men bonds. Contractor shall not be entitled to, nor shall County authorize, task orders when the total outstanding value of the task orders under this contract exceeds the bond values for which the County is an obligee. Said bonds to be first approved by the office of the County Counsel and the County Executive Office of Orange County and shall be at minimum $500,000County. Such bonds shall be the forms provided in these specifications, issued, specifications and issued and executed by an admitted surety insurer (authorized to transact surety insurance in California). (e.g., if the bonds are issued through a surplus line broker, both the surplus line broker and the insurer with whom he is doing business for purposes of this project must be licensed in California to issue such bonds.) The faithful performance bond shall be issued by a Surety company with a minimum insurance rating of A- (Secure Best’s Rating) and VIII (Financial Size Category) as determined by the most current edition of the Best’s Key Rating Guide/Property-Casualty/United States or xxxxxx.xxx. The Surety Company must also be authorized to write in California by the Department of the Treasury, and must be listed on the most current edition of the Department of Treasury’s Listing of Approved Securities. If any surety upon any bond furnished in connection with this Contract becomes unacceptable to the County, or if any such surety fails to furnish reports as to his financial condition from time to time as requested by Orange County Sheriff-Coroner DepartmentOC Public Works, the Contractor shall promptly furnish such additional security as may be required by Orange County Sheriff-Coroner Department OC Public Works or the Board of Supervisors from time to time to protect the interests of the County and of persons supplying labor or materials in the prosecution of the Work contemplated by this Contract. If the County increases the total Contract amount the Contractor is to provide a new bond for the new total Contract amount or a bond for the difference.
Appears in 4 contracts
Samples: Hvac Services, cams.ocgov.com, cams.ocgov.com
Bonds. The Contractor shall furnish, at time of signing the Contract, one surety bond which shall protect the laborers and material men and shall be for 100 percent of the amount of the Task Order Contract$1,500,000, in accordance with Section 9554 of the Civil Code, and one surety bond in the amount of 100 percent of the Task Order Contract$1,500,000, guaranteeing the faithful performance of the Contract; said . If at any time the value of the total task orders is expected to exceed $1,500,000, the Contractor shall furnish, in a manner acceptable to the County, evidence that the Contractor is bonded to the expected total value of outstanding task orders for both the faithful performance and laborers and material men bonds. Contractor shall not be entitled to, nor shall County authorize, task orders when the total outstanding value of the task orders under this contract exceeds the bond values for which the County is an oblige. Said bonds to be first approved by the office of the County Counsel and the County Executive Office of Orange County and shall be at minimum $500,000County. Such bonds shall be the forms provided in these specifications, issued, specifications and issued and executed by an admitted surety insurer (authorized to transact surety insurance in California). (e.g., if the bonds are issued through a surplus line broker, both the surplus line broker and the insurer with whom he is doing business for purposes of this project must be licensed in California to issue such bonds.) The faithful performance bond shall be issued by a Surety company with a minimum insurance rating of A- (Secure Best’s Rating) and VIII (Financial Size Category) as determined by the most current edition of the Best’s Key Rating Guide/Property-Casualty/United States or xxxxxx.xxx. The Surety Company must also be authorized to write in California by the Department of the Treasury, and must be listed on the most current edition of the Department of Treasury’s Listing of Approved Securities. If any surety upon any bond furnished in connection with this Contract becomes unacceptable to the County, or if any such surety fails to furnish reports as to his financial condition from time to time as requested by Orange County Sheriff-Coroner DepartmentOC Public Works, the Contractor shall promptly furnish such additional security as may be required by Orange County Sheriff-Coroner Department OC Public Works or the Board of Supervisors from time to time to protect the interests of the County and of persons supplying labor or materials in the prosecution of the Work contemplated by this Contract. If the County increases the total Contract amount the Contractor is to provide a new bond for the new total Contract amount or a bond for the difference.
Appears in 4 contracts
Samples: Electrical Services, cams.ocgov.com, cams.ocgov.com
Bonds. The Contractor shall furnish, at time of signing the Contract, one surety bond which shall protect the laborers and material men and shall be for 100 percent of the amount of the Task Order Contract$500,000, in accordance with Section 9554 of the Civil Code, and one surety bond in the amount of 100 percent of the Task Order Contract$500,000, guaranteeing the faithful performance of the Contract; said . If at any time the value of the total task orders is expected to exceed $500,000, the Contractor shall furnish, in a manner acceptable to the County, evidence that the Contractor is bonded to the expected total value of outstanding task orders for both the faithful performance and laborers and material men bonds. Contractor shall not be entitled to, nor shall County authorize, task orders when the total outstanding value of the task orders under this contract exceeds the bond values for which the County is an obligee. Said bonds to be first approved by the office of the County Counsel and the County Executive Office of Orange County and shall be at minimum $500,000County. Such bonds shall be the forms provided in these specifications, issued, specifications and issued and executed by an admitted surety insurer (authorized to transact surety insurance in California). (e.g., if the bonds are issued through a surplus line broker, both the surplus line broker and the insurer with whom he is doing business for purposes of this project must be licensed in California to issue such bonds.) The faithful performance bond shall be issued by a Surety company with a minimum insurance rating of A- (Secure Best’s Rating) and VIII (Financial Size Category) as determined by the most current edition of the Best’s Key Rating Guide/Property-Property- Casualty/United States or xxxxxx.xxx. The Surety Company must also be authorized to write in California by the Department of the Treasury, and must be listed on the most current edition of the Department of Treasury’s Listing of Approved Securities. If any surety upon any bond furnished in connection with this Contract becomes unacceptable to the County, or if any such surety fails to furnish reports as to his financial condition from time to time as requested by Orange County Sheriff-Coroner DepartmentOC Public Works, the Contractor shall promptly furnish such additional security as may be required by Orange County Sheriff-Coroner Department OC Public Works or the Board of Supervisors from time to time to protect the interests of the County and of persons supplying labor or materials in the prosecution of the Work contemplated by this Contract. If the County increases the total Contract amount the Contractor is to provide a new bond for the new total Contract amount or a bond for the difference.
Appears in 3 contracts
Samples: cams.ocgov.com, cams.ocgov.com, cams.ocgov.com
Bonds. The Contractor shall furnish, at time of signing the Contract, one surety bond which shall protect the laborers and material men and shall be for 100 percent of the amount of the Task Order Contract$5,000,000, in accordance with Section 9554 of the Civil Code, and one surety bond in the amount of 100 percent of the Task Order Contract$5,000,000, guaranteeing the faithful performance of the Contract; said . If at any time the value of the total task orders is expected to exceed $5,000,000, the Contractor shall furnish, in a manner acceptable to the County, evidence that the Contractor is bonded to the expected total value of outstanding task orders for both the faithful performance and laborers and material men bonds. Contractor shall not be entitled to, nor shall County authorize, task orders when the total outstanding value of the task orders under this contract exceeds the bond values for which the County is an obligee. Said bonds to be first approved by the office of the County Counsel and the County Executive Office of Orange County and shall be at minimum $500,000County. Such bonds shall be the forms provided in these specifications, issued, specifications and issued and executed by an admitted surety insurer (authorized to transact surety insurance in California). (e.g., if the bonds are issued through a surplus line broker, both the surplus line broker and the insurer with whom he is doing business for purposes of this project must be licensed in California to issue such bonds.) The faithful performance bond shall be issued by a Surety company with a minimum insurance rating of A- (Secure Best’s Rating) and VIII (Financial Size Category) as determined by the most current edition of the Best’s Key Rating Guide/Property-Casualty/United States or xxxxxx.xxx. The Surety Company must also be authorized to write in California by the Department of the Treasury, and must be listed on the most current edition of the Department of Treasury’s Listing of Approved Securities. If any surety upon any bond furnished in connection with this Contract becomes unacceptable to the County, or if any such surety fails to furnish reports as to his financial condition from time to time as requested by Orange County Sheriff-Coroner DepartmentOC Public Works, the Contractor shall promptly furnish such additional security as may be required by Orange County Sheriff-Coroner Department OC Public Works or the Board of Supervisors from time to time to protect the interests of the County and of persons supplying labor or materials in the prosecution of the Work work contemplated by this Contract. If the County increases the total Contract amount the Contractor is to provide a new bond for the new total Contract amount or a bond for the difference.
Appears in 3 contracts
Samples: cams.ocgov.com, cams.ocgov.com, cams.ocgov.com
Bonds. The Contractor shall furnish, at time of signing the Contract, one surety bond which shall protect the laborers and material men and shall be for 100 percent of the amount of the Task Order Contract$500,000, in accordance with Section 9554 of the Civil Code, and one surety bond in the amount of 100 percent of the Task Order Contract$500,000, guaranteeing the faithful performance of the Contract; said . If at any time the value of the total task orders is expected to exceed $500,000, the Contractor shall furnish, in a manner acceptable to the County, evidence that the Contractor is bonded to the expected total value of outstanding task orders for both the faithful performance and laborers and material men bonds. Contractor shall not be entitled to, nor shall County authorize, task orders when the total outstanding value of the task orders under this contract exceeds the bond values for which the County is an obligee. Said bonds to be first approved by the office of the County Counsel and the County Executive Office of Orange County and shall be at minimum $500,000County. Such bonds shall be the forms provided in these specifications, issued, specifications and issued and executed by an admitted surety insurer (authorized to transact surety insurance in California). (e.g., if the bonds are issued through a surplus line broker, both the surplus line broker and the insurer with whom he is doing business for purposes of this project must be licensed in California to issue such bonds.) The faithful performance bond shall be issued by a Surety company with a minimum insurance rating of A- (Secure Best’s Rating) and VIII (Financial Size Category) as determined by the most current edition of the Best’s Key Rating Guide/Property-Casualty/United States or xxxxxx.xxx. The Surety Company must also be authorized to write in California by the Department of the Treasury, and must be listed on the most current edition of the Department of Treasury’s Listing of Approved Securities. If any surety upon any bond furnished in connection with this Contract becomes unacceptable to the County, or if any such surety fails to furnish reports as to his financial condition from time to time as requested by Orange County Sheriff-Coroner DepartmentOC Public Works, the Contractor shall promptly furnish such additional security as may be required by Orange County Sheriff-Coroner Department OC Public Works or the Board of Supervisors from time to time to protect the interests of the County and of persons supplying labor or materials in the prosecution of the Work contemplated by this Contract. If the County increases the total Contract amount the Contractor is to provide a new bond for the new total Contract amount or a bond for the difference.
Appears in 3 contracts
Samples: License and User Agreement, cams.ocgov.com, cams.ocgov.com
Bonds. The Contractor shall furnish, at time of signing the Contract, one surety bond which shall protect the laborers and material men and shall be for 100 percent of the amount of the Task Order Contract$1,000,000, in accordance with Section 9554 of the Civil Code, and one surety bond in the amount of 100 percent of the Task Order Contract$1,000,000, guaranteeing the faithful performance of the Contract; said . If at any time the value of the total task orders is expected to exceed $1,000,000, the Contractor shall furnish, in a manner acceptable to the County, evidence that the Contractor is bonded to the expected total value of outstanding task orders for both the faithful performance and laborers and material bonds. Contractor shall not be entitled to, nor shall County authorize, task orders when the total outstanding value of the task orders under this contract exceeds the bond values for which the County is an obligee. Said bonds to be first approved by the office of the County Counsel and the County Executive Office of Orange County and shall be at minimum $500,000County. Such bonds shall be the forms provided in these specifications, issued, specifications and issued and executed by an admitted surety insurer (authorized to transact surety insurance in California). (e.g., if the bonds are issued through a surplus line broker, both the surplus line broker and the insurer with whom he is doing business for purposes of this project must be licensed in California to issue such bonds.) The faithful performance bond shall be issued by a Surety company with a minimum insurance rating of A- (Secure Best’s Rating) and VIII (Financial Size Category) as determined by the most current edition of the Best’s Key Rating Guide/Property-Casualty/United States or xxxxxx.xxx. The Surety Company must also be authorized to write in California by the Department of the Treasury, and must be listed on the most current edition of the Department of Treasury’s Listing of Approved Securities. If any surety upon any bond furnished in connection with this Contract becomes unacceptable to the County, or if any such surety fails to furnish reports as to his financial condition from time to time as requested by Orange County Sheriff-Coroner DepartmentOC Public Works, the Contractor shall promptly furnish such additional security as may be required by Orange County Sheriff-Coroner Department OC Public Works or the Board of Supervisors from time to time to protect the interests of the County and of persons supplying labor or materials in the prosecution of the Work contemplated by this Contract. If the County increases the total Contract amount the Contractor is to provide a new bond for the new total Contract amount or a bond for the difference.
Appears in 3 contracts
Samples: cams.ocgov.com, cams.ocgov.com, cams.ocgov.com
Bonds. The Contractor shall furnish, at time of signing the Contract, one surety bond which shall protect the laborers and material men and shall be for 100 percent of the amount of the Task Order Contract$500,000, in accordance with Section 9554 of the Civil Code, and one surety bond in the amount of 100 percent of the Task Order Contract$500,000, guaranteeing the faithful performance of the Contract; said . If at any time the value of the total task orders is expected to exceed $500,000, the Contractor shall furnish, in a manner acceptable to the County, evidence that the Contractor is bonded to the expected total value of outstanding task orders for both the faithful performance and laborers and material men bonds. Contractor shall not be entitled to, nor shall County authorize, task orders when the total outstanding value of the task orders under this contract exceeds the bond values for which the County is an obligee. Said bonds to be first approved by the office of the County Counsel and the County Executive Office of Orange County and shall be at minimum $500,000County. Such bonds shall be the forms provided in these specifications, issued, specifications and issued and executed by an admitted surety insurer (authorized to transact surety insurance in California). (e.g., if the bonds are issued through a surplus line broker, both the surplus line broker and the insurer with whom he is doing business for purposes of this project must be licensed in California to issue such bonds.) The faithful performance bond shall be issued by a Surety company with a minimum insurance rating of A- (Secure Best’s Rating) and VIII (Financial Size Category) as determined by the most current edition of the Best’s Key Rating Guide/Property-Casualty/United States or xxxxxx.xxx. The Surety Company must also be authorized to write in California by the Department of the Treasury, and must be listed on the most current edition of the Department of Treasury’s Listing of Approved Securities. If any surety upon any bond furnished in connection with this Contract becomes unacceptable to the County, or if any such surety fails to furnish reports as to his financial condition from time to time as requested by Orange County Sheriff-Coroner DepartmentOC Public Works, the Contractor shall promptly furnish such additional security as may be required by Orange County Sheriff-Coroner Department OC Public Works or the Board of Supervisors from time to time to protect the interests of the County and of persons supplying labor or materials in the prosecution of the Work contemplated by this Contract. If the County increases the total Contract amount the Contractor is to provide a new bond for the new total Contract amount or a bond for the difference.
Appears in 3 contracts
Samples: cams.ocgov.com, cams.ocgov.com, cams.ocgov.com
Bonds. The Contractor shall furnish, at time of signing the Contract, one surety bond which shall protect the laborers and material men and shall be for 100 percent of the amount of the Task Order Contract, in accordance with Section 9554 3248 of the Civil Code, and one surety bond in the amount of 100 percent of the Task Order Contract, guaranteeing the faithful performance of the Contract; said bonds to be first approved by the office of the County Counsel and the County Executive Office of Orange County and shall be at minimum $500,000County. Such bonds shall be the forms provided in these specifications, issued, specifications and issued and executed by an admitted surety insurer (authorized to transact surety insurance in California). (e.g., if the bonds are issued through a surplus line broker, both the surplus line broker and the insurer with whom he is doing business for purposes of this project must be licensed in California to issue such bonds.) The faithful performance bond shall be issued by a Surety company with a minimum insurance rating of A- (Secure Best’s Rating) and VIII (Financial Size Category) as determined by the most current edition of the Best’s Key Rating Guide/Property-Casualty/United States or xxxxxx.xxx. The Surety Company must also be authorized to write in California by the Department of the Treasury, and must be listed on the most current edition of the Department of Treasury’s Listing of Approved Securities. If any surety upon any bond furnished in connection with this Contract becomes unacceptable to the County, or if any such surety fails to furnish reports as to his financial condition from time to time as requested by Orange County Sheriff-Coroner DepartmentOC Public Works, the Contractor shall promptly furnish such additional security as may be required by Orange County Sheriff-Coroner Department OC Public Works or the Board of Supervisors from time to time to protect the interests of the County and of persons supplying labor or materials in the prosecution of the Work contemplated by this Contract. If the County increases the total Contract amount the Contractor is to provide a new bond for the new total Contract amount or a bond for the difference.
Appears in 3 contracts
Samples: cams.ocgov.com, cams.ocgov.com, cams.ocgov.com
Bonds. The Contractor shall furnish, at time of signing the Contract, one surety bond which shall protect the laborers and material men and shall be for 100 percent of the amount of the Task Order Contract$1,000,000, in accordance with Section 9554 of the Civil Code, and one surety bond in the amount of 100 percent of the Task Order Contract$ 1,000,000, guaranteeing the faithful performance of the Contract; said . If at any time the value of the total task orders is expected to exceed $ 1,000,000, the Contractor shall furnish, in a manner acceptable to the County, evidence that the Contractor is bonded to the expected total value of outstanding task orders for both the faithful performance and laborers and material men bonds. Contractor shall not be entitled to, nor shall County authorize, task orders when the total outstanding value of the task orders under this contract exceeds the bond values for which the County is an obligee. Said bonds to be first approved by the office of the County Counsel and the County Executive Office of Orange County and shall be at minimum $500,000County. Such bonds shall be the forms provided in these specifications, issued, specifications and issued and executed by an admitted surety insurer (authorized to transact surety insurance in California). (e.g., if the bonds are issued through a surplus line broker, both the surplus line broker and the insurer with whom he is doing business for purposes of this project must be licensed in California to issue such bonds.) The faithful performance bond shall be issued by a Surety company with a minimum insurance rating of A- (Secure Best’s Rating) and VIII (Financial Size Category) as determined by the most current edition of the Best’s Key Rating Guide/Property-Casualty/United States or xxxxxx.xxx. The Surety Company must also be authorized to write in California by the Department of the Treasury, Treasury and must be listed on the most current edition of the Department of Treasury’s Listing of Approved Securities. If any surety upon any bond furnished in connection with this Contract becomes unacceptable to the County, or if any such surety fails to furnish reports as to his financial condition from time to time as requested by Orange County Sheriff-Coroner DepartmentOC Public Works, the Contractor shall promptly furnish such additional security as may be required by Orange County Sheriff-Coroner Department OC Public Works or the Board of Supervisors from time to time to protect the interests of the County and of persons supplying labor or materials in the prosecution of the Work contemplated by this Contract. If the County increases the total Contract amount the Contractor is to provide a new bond for the new total Contract amount or a bond for the difference.
Appears in 2 contracts
Samples: cams.ocgov.com, cams.ocgov.com
Bonds. The Contractor shall furnish, at time of signing the Contract, one surety bond which shall protect the laborers and material men and shall be for 100 percent of the amount of the Task Order Contract$500,000, in accordance with Section 9554 of the Civil Code, and one surety bond in the amount of 100 percent of the Task Order Contract$500,000, guaranteeing the faithful performance of the Contract; said . If at any time the value of the total task orders is expected to exceed $500,000, the Contractor shall furnish, in a manner acceptable to the County, evidence that the Contractor is bonded to the expected total value of outstanding task orders for both the faithful performance and laborers and material men bonds. Contractor shall not be entitled to, nor shall County authorize, task orders when the total outstanding value of the task orders under this contract exceeds the bond values for which the County is an obligee. Said bonds to be first approved by the office of the County Counsel and the County Executive Office of Orange County and shall be at minimum $500,000County. Such bonds shall be the forms provided in these specifications, issued, specifications and issued and executed by an admitted surety insurer (authorized to transact surety insurance in California). (e.g., if the bonds are issued through a surplus line broker, both the surplus line broker and the insurer with whom he is doing business for purposes of this project must be licensed in California to issue such bonds.) The faithful performance bond shall be issued by a Surety company with a minimum insurance rating of A- (Secure Best’s Rating) and VIII (Financial Size Category) as determined by the most current edition of the Best’s Key Rating Guide/Property-Casualty/United States or xxxxxx.xxxXXxxxx.xxx. The Surety Company must also be authorized to write in California by the Department of the Treasury, and must be listed on the most current edition of the Department of Treasury’s Listing of Approved Securities. If any surety upon any bond furnished in connection with this Contract becomes unacceptable to the County, or if any such surety fails to furnish reports as to his financial condition from time to time as requested by Orange County Sheriff-Coroner DepartmentOC Public Works, the Contractor shall promptly furnish such additional security as may be required by Orange County Sheriff-Coroner Department OC Public Works or the Board of Supervisors from time to time to protect the interests of the County and of persons supplying labor or materials in the prosecution of the Work contemplated by this Contract. If the County increases the total Contract amount the Contractor is to provide a new bond for the new total Contract amount or a bond for the difference.
Appears in 2 contracts
Samples: License and User Agreement, cams.ocgov.com
Bonds. The Contractor shall furnish, at time of signing the Contract, one surety bond which shall protect the laborers and material men and shall be for 100 percent of the amount of the Task Order Contract$2,000,000, in accordance with Section 9554 of the Civil Code, and one surety bond in the amount of 100 percent of the Task Order Contract$2,000,000, guaranteeing the faithful performance of the Contract; said . If at any time the value of the total task orders is expected to exceed $2,000,000, the Contractor shall furnish, in a manner acceptable to the County, evidence that the Contractor is bonded to the expected total value of outstanding task orders for both the faithful performance and laborers and material men bonds. Contractor shall not be entitled to, nor shall County authorize, task orders when the total outstanding value of the task orders under this contract exceeds the bond values for which the County is an obligee. Said bonds to be first approved by the office of the County Counsel and the County Executive Office of Orange County and shall be at minimum $500,000County. Such bonds shall be the forms provided in these specifications, issued, specifications and issued and executed by an admitted surety insurer (authorized to transact surety insurance in California). (e.g., if the bonds are issued through a surplus line broker, both the surplus line broker and the insurer with whom he is doing business for purposes of this project must be licensed in California to issue such bonds.) The faithful performance bond shall be issued by a Surety company with a minimum insurance rating of A- (Secure Best’s Rating) and VIII (Financial Size Category) as determined by the most current edition of the Best’s Key Rating Guide/Property-Casualty/United States or xxxxxx.xxx. The Surety Company must also be authorized to write in California by the Department of the Treasury, and must be listed on the most current edition of the Department of Treasury’s Listing of Approved Securities. If any surety upon any bond furnished in connection with this Contract becomes unacceptable to the County, or if any such surety fails to furnish reports as to his financial condition from time to time as requested by Orange County Sheriff-Coroner DepartmentOC Public Works, the Contractor shall promptly furnish such additional security as may be required by Orange County Sheriff-Coroner Department OC Public Works or the Board of Supervisors from time to time to protect the interests of the County and of persons supplying labor or materials in the prosecution of the Work contemplated by this Contract. If the County increases the total Contract amount the Contractor is to provide a new bond for the new total Contract amount or a bond for the difference.
Appears in 2 contracts
Samples: cams.ocgov.com, cams.ocgov.com
Bonds. The Contractor shall furnish, at time of signing the Contract, one surety bond which shall protect the laborers and material men and shall be for 100 percent of the amount of the Task Order Contract$5,000,000, in accordance with Section 9554 of the Civil Code, and one surety bond in the amount of 100 percent of the Task Order Contract$5,000,000, guaranteeing the faithful performance of the Contract; said . If at any time the value of the total task orders is expected to exceed $5,000,000, the Contractor shall furnish, in a manner acceptable to the County, evidence that the Contractor is bonded to the expected total value of outstanding task orders for both the faithful performance and laborers and material men bonds. Contractor shall not be entitled to, nor shall County authorize, task orders when the total outstanding value of the task orders under this contract exceeds the bond values for which the County is an obligee. Said bonds to be first approved by the office of the County Counsel and the County Executive Office of Orange County and shall be at minimum $500,000County. Such bonds shall be the forms provided in these specifications, issued, specifications and issued and executed by an admitted surety insurer (authorized to transact surety insurance in California). (e.g., if the bonds are issued through a surplus line broker, both the surplus line broker and the insurer with whom he is doing business for purposes of this project must be licensed in California to issue such bonds.) The faithful performance bond shall be issued by a Surety company with a minimum insurance rating of A- (Secure Best’s Rating) and VIII (Financial Size Category) as determined by the most current edition of the Best’s Key Rating Guide/Property-Casualty/United States or xxxxxx.xxx. The Surety Company must also be authorized to write in California by the Department of the Treasury, and must be listed on the most current edition of the Department of Treasury’s Listing of Approved Securities. If any surety upon any bond furnished in connection with this Contract becomes unacceptable to the County, or if any such surety fails to furnish reports as to his financial condition from time to time as requested by Orange County Sheriff-Coroner DepartmentOC Public Works, the Contractor shall promptly furnish such additional security as may be required by Orange County Sheriff-Coroner Department OC Public Works or the Board of Supervisors from time to time to protect the interests of the County and of persons supplying labor or materials in the prosecution of the Work contemplated by this Contract. If the County increases the total Contract amount the Contractor is to provide a new bond for the new total Contract amount or a bond for the difference.
Appears in 2 contracts
Samples: cams.ocgov.com, cams.ocgov.com
Bonds. The Contractor shall furnish, at time of signing the Contract, one surety bond which shall protect the laborers and material men and shall be for 100 percent of the amount of the Task Order Contract$1,500,000, in accordance with Section 9554 of the Civil Code, and one surety bond in the amount of 100 percent of the Task Order Contract$1,500,000, guaranteeing the faithful performance of the Contract; said . If at any time the value of the total task orders is expected to exceed $1,500,000, the Contractor shall furnish, in a manner acceptable to the County, evidence that the Contractor is bonded to the expected total value of outstanding task orders for both the faithful performance and laborers and material men bonds. Contractor shall not be entitled to, nor shall County authorize, task orders when the total outstanding value of the task orders under this contract exceeds the bond values for which the County is an obligee. Said bonds to be first approved by the office of the County Counsel and the County Executive Office of Orange County and shall be at minimum $500,000County. Such bonds shall be the forms provided in these specifications, issued, specifications and issued and executed by an admitted surety insurer (authorized to transact surety insurance in California). (e.g., if the bonds are issued through a surplus line broker, both the surplus line broker and the insurer with whom he is doing business for purposes of this project must be licensed in California to issue such bonds.) The faithful performance bond shall be issued by a Surety company with a minimum insurance rating of A- (Secure Best’s Rating) and VIII (Financial Size Category) as determined by the most current edition of the Best’s Key Rating Guide/Property-Casualty/United States or xxxxxx.xxx. The Surety Company must also be authorized to write in California by the Department of the Treasury, and must be listed on the most current edition of the Department of Treasury’s Listing of Approved Securities. If any surety upon any bond furnished in connection with this Contract becomes unacceptable to the County, or if any such surety fails to furnish reports as to his financial condition from time to time as requested by Orange County Sheriff-Coroner DepartmentOC Public Works, the Contractor shall promptly furnish such additional security as may be required by Orange County Sheriff-Coroner Department OC Public Works or the Board of Supervisors from time to time to protect the interests of the County and of persons supplying labor or materials in the prosecution of the Work contemplated by this Contract. If the County increases the total Contract amount the Contractor is to provide a new bond for the new total Contract amount or a bond for the difference.
Appears in 2 contracts
Samples: Electrical Services, cams.ocgov.com
Bonds. The Contractor shall furnish, at time of signing the Contract, one surety bond which shall protect the laborers and material men and shall be for 100 percent of the amount of the Task Order Contract$2,000,000.00, in accordance with Section 9554 of the Civil Code, and one surety bond in the amount of 100 percent of the Task Order Contract$2,000,000.00, guaranteeing the faithful performance of the Contract; said . If at any time the value of the total task orders is expected to exceed $2,000,000.00, the Contractor shall furnish, in a manner acceptable to the County, evidence that the Contractor is bonded to the expected total value of outstanding task orders for both the faithful performance and laborers and material men bonds. Contractor shall not be entitled to, nor shall County authorize, task orders when the total outstanding value of the task orders under this contract exceeds the bond values for which the County is an obligee. Said bonds to be first approved by the office of the County Counsel and the County Executive Office of Orange County and shall be at minimum $500,000County. Such bonds shall be the forms provided in these specifications, issued, specifications and issued and executed by an admitted surety insurer (authorized to transact surety insurance in California). (e.g., if the bonds are issued through a surplus line broker, both the surplus line broker and the insurer with whom he is doing business for purposes of this project must be licensed in California to issue such bonds.) The faithful performance bond shall be issued by a Surety company with a minimum insurance rating of A- (Secure Best’s Rating) and VIII (Financial Size Category) as determined by the most current edition of the Best’s Key Rating Guide/Property-Casualty/United States or xxxxxx.xxx. The Surety Company must also be authorized to write in California by the Department of the Treasury, and must be listed on the most current edition of the Department of Treasury’s Listing of Approved Securities. If any surety upon any bond furnished in connection with this Contract becomes unacceptable to the County, or if any such surety fails to furnish reports as to his financial condition from time to time as requested by Orange County Sheriff-Coroner DepartmentOC Public Works, the Contractor shall promptly furnish such additional security as may be required by Orange County Sheriff-Coroner Department OC Public Works or the Board of Supervisors from time to time to protect the interests of the County and of persons supplying labor or materials in the prosecution of the Work contemplated by this Contract. If the County increases the total Contract amount the Contractor is to provide a new bond for the new total Contract amount or a bond for the difference.
Appears in 1 contract
Samples: Job Order Contract
Bonds. The Contractor shall furnish, at time of signing the Contract, one surety bond which shall protect the laborers and material men and shall be for 100 percent of the amount of the Task Order Contract, in accordance with Section 9554 3248 of the Civil Code, and one surety bond in the amount of 100 percent of the Task Order Contract, guaranteeing the faithful performance of the Contract; said bonds to be first approved by the office of the County Counsel and the County Executive Office of Orange County and shall be at minimum $500,000County. Such bonds shall be the forms provided in these specifications, issued, specifications and issued and executed by an admitted surety insurer (authorized to transact surety insurance in California). (e.g., if the bonds are issued through a surplus line broker, both the surplus line broker and the insurer with whom he is doing business for purposes of this project must be licensed in California to issue such bonds.) The faithful performance bond shall be issued by a Surety company with a minimum insurance rating of A- (Secure Best’s Best‟s Rating) and VIII (Financial Size Category) as determined by the most current edition of the Best’s Best‟s Key Rating Guide/Property-Casualty/United States or xxxxxx.xxx. The Surety Company must also be authorized to write in California by the Department of the Treasury, and must be listed on the most current edition of the Department of Treasury’s Treasury‟s Listing of Approved Securities. If any surety upon any bond furnished in connection with this Contract becomes unacceptable to the County, or if any such surety fails to furnish reports as to his financial condition from time to time as requested by Orange County Sheriff-Coroner DepartmentOC Public Works, the Contractor shall promptly furnish such additional security as may be required by Orange County Sheriff-Coroner Department OC Public Works or the Board of Supervisors from time to time to protect the interests of the County and of persons supplying labor or materials in the prosecution of the Work contemplated by this Contract. If the County increases the total Contract amount the Contractor is to provide a new bond for the new total Contract amount or a bond for the difference.
Appears in 1 contract
Samples: cams.ocgov.com
Bonds. The Contractor shall furnish, at time of signing the Contract, one surety bond which shall protect the laborers and material men and shall be for 100 percent of the amount of the Task Order Contract$1,500,000, in accordance with Section 9554 of the Civil Code, and one surety bond in the amount of 100 percent of the Task Order Contract$1,500,000,, guaranteeing the faithful performance of the Contract; said . If at any time the value of the total task orders is expected to exceed $1,500,000, the Contractor shall furnish, in a manner acceptable to the County, evidence that the Contractor is bonded to the expected total value of outstanding task orders for both the faithful performance and laborers and material men bonds. Contractor shall not be entitled to, nor shall County authorize, task orders when the total outstanding value of the task orders under this contract exceeds the bond values for which the County is an obligee. Said bonds to be first approved by the office of the County Counsel and the County Executive Office of Orange County and shall be at minimum $500,000County. Such bonds shall be the forms provided in these specifications, issued, specifications and issued and executed by an admitted surety insurer (authorized to transact surety insurance in California). (e.g., if the bonds are issued through a surplus line broker, both the surplus line broker and the insurer with whom he is doing business for purposes of this project must be licensed in California to issue such bonds.) The faithful performance bond shall be issued by a Surety company with a minimum insurance rating of A- (Secure Best’s Rating) and VIII (Financial Size Category) as determined by the most current edition of the Best’s Key Rating Guide/Property-Casualty/United States or xxxxxx.xxx. The Surety Company must also be authorized to write in California by the Department of the Treasury, and must be listed on the most current edition of the Department of Treasury’s Listing of Approved Securities. If any surety upon any bond furnished in connection with this Contract becomes unacceptable to the County, or if any such surety fails to furnish reports as to his financial condition from time to time as requested by Orange County Sheriff-Coroner DepartmentOC Public Works, the Contractor shall promptly furnish such additional security as may be required by Orange County Sheriff-Coroner Department OC Public Works or the Board of Supervisors from time to time to protect the interests of the County and of persons supplying labor or materials in the prosecution of the Work contemplated by this Contract. If the County increases the total Contract amount the Contractor is to provide a new bond for the new total Contract amount or a bond for the difference.
Appears in 1 contract
Samples: Hvac Services
Bonds. The Contractor shall furnish, at time of signing the Contract, one surety bond which shall protect the laborers and material men and shall be for 100 percent of the amount of the Task Order Contract, in accordance with Section 9554 of the Civil Code, and one surety bond in the amount of 100 percent of the Task Order Contract, guaranteeing the faithful performance of the Contract; said bonds to be first approved by the office of the County Counsel and the County Executive Office of Orange County and shall be at minimum $500,000. Such bonds shall be the forms provided in these specifications, issued, and executed by an admitted surety insurer (authorized to transact surety insurance in California). (e.g., if the bonds are issued through a surplus line broker, both the surplus line broker and the insurer with whom he is doing business for purposes of this project must be licensed in California to issue such bonds.) The faithful performance bond shall be issued by a Surety company with a minimum insurance rating of A- (Secure Best’s Rating) and VIII S II (Financial Size Category) as determined by the most current edition of the Best’s Key Rating Guide/Property-Casualty-Casualty/United States or xxxxxx.xxx. The Surety Company must also be authorized to write in California by the Department of the Treasury, and must be listed on the most current edition of the Department of Treasury’s Listing of Approved Securities. If any surety upon any bond furnished in connection with this Contract becomes unacceptable to the County, or if any such surety fails to furnish reports as to his financial condition from time to time as requested by Orange County Sheriff-Coroner Department, the Contractor shall promptly furnish such additional security as may be required by Orange County Sheriff-Coroner Department or the Board of Supervisors from time to time to protect the interests of the County and of persons supplying labor or materials in the prosecution of the Work contemplated by this Contract. If the County increases the total Contract amount the Contractor is to provide a new bond for the new total Contract amount or a bond for the difference.
Appears in 1 contract
Samples: cams.ocgov.com
Bonds. The Contractor shall furnish, at time of signing the Contract, one surety bond which shall protect the laborers and material men and shall be for 100 percent of the amount of the Task Order Contract$750,000, in accordance with Section 9554 of the Civil Code, and one surety bond in the amount of 100 percent of the Task Order Contract$750,000, guaranteeing the faithful performance of the Contract; said . If at any time the value of the total task orders is expected to exceed $750,000, the Contractor shall furnish, in a manner acceptable to the County, evidence that the Contractor is bonded to the expected total value of outstanding task orders for both the faithful performance and laborers and material men bonds. Contractor shall not be entitled to, nor shall County authorize, task orders when the total outstanding value of the task orders under this contract exceeds the bond values for which the County is an obligee. Said bonds to be first approved by the office of the County Counsel and the County Executive Office of Orange County and shall be at minimum $500,000County. Such bonds shall be the forms provided in these specifications, issued, specifications and issued and executed by an admitted surety insurer (authorized to transact surety insurance in California). (e.g., if the bonds are issued through a surplus line broker, both the surplus line broker and the insurer with whom he is doing business for purposes of this project must be licensed in California to issue such bonds.) The faithful performance bond shall be issued by a Surety company with a minimum insurance rating of A- (Secure Best’s Rating) and VIII (Financial Size Category) as determined by the most current edition of the Best’s Key Rating Guide/Property-Casualty/United States or xxxxxx.xxx. The Surety Company must also be authorized to write in California by the Department of the Treasury, and must be listed on the most current edition of the Department of Treasury’s Listing of Approved Securities. If any surety upon any bond furnished in connection with this Contract becomes unacceptable to the County, or if any such surety fails to furnish reports as to his financial condition from time to time as requested by Orange County Sheriff-Coroner DepartmentOC Public Works, the Contractor shall promptly furnish such additional security as may be required by Orange County Sheriff-Coroner Department OC Public Works or the Board of Supervisors from time to time to protect the interests of the County and of persons supplying labor or materials in the prosecution of the Work contemplated by this Contract. If the County increases the total Contract amount the Contractor is to provide a new bond for the new total Contract amount or a bond for the difference.
Appears in 1 contract
Samples: cams.ocgov.com
Bonds. The Contractor shall furnish, at time of signing the Contract, one (1) surety bond which shall protect the laborers and material men materialmen and shall be for 100 one hundred percent (100%) of the amount value of the Task Order Contract, in accordance with Section 9554 of the Civil Code, and one (1) surety bond in the amount of 100 one hundred percent (100%) of the Task Order value of the Contract, guaranteeing the faithful performance of the Contract; said bonds to be first approved by the office of the County Counsel and the County Executive Office CEO Risk Manager of Orange County and shall be at minimum $500,000County. Such bonds shall be in the forms form provided in these specifications, issued, the Contract (Attachment H) and issued and executed by an admitted surety insurer (authorized to transact surety insurance in California) acceptable to the County. (E.g., if bonds are issued through a surplus line broker, both the surplus line broker and the insurer with whom he is doing business for purposes of this project must be licensed in California to issue such bonds). If any surety upon any bond furnished in connection with this Contract becomes unacceptable to County, or if any such surety fails to furnish reports as to its financial condition from time to time as requested by County, Contractor shall promptly furnish such additional security as may be required by the County to protect the interests of County and of persons supplying labor or materials in the prosecution of the work contemplated by this Contract. Bonds: Contractor shall furnish, at time of signing the Contract, one (e.g.1) surety bond which shall protect the laborers and materialmen and shall be for one hundred percent (100%) of the $350,000 cost of the ITS installation at the Xxxxx X Xxxxxx Facility, and one (1) surety bond in the amount of one hundred percent (100%) of the $350,000 cost of the ITS installation at the Xxxxx X Xxxxxx Facility, guaranteeing the faithful performance of the Contract; said bonds to be first approved by the office of the County Counsel and the CEO Risk Manager of Orange County. Such bonds shall be in the form provided in the Contract (Attachment H) and issued and executed by an admitted surety insurer (authorized to transact surety insurance in California) acceptable to the County. (E.g., if the bonds are issued through a surplus line broker, both the surplus line broker and the insurer with whom he is doing business for purposes of this project must be licensed in California to issue such bonds.) The faithful performance bond shall be issued by a Surety company with a minimum insurance rating of A- (Secure Best’s Rating) and VIII (Financial Size Category) as determined by the most current edition of the Best’s Key Rating Guide/Property-Casualty/United States or xxxxxx.xxx. The Surety Company must also be authorized to write in California by the Department of the Treasury, and must be listed on the most current edition of the Department of Treasury’s Listing of Approved Securities. If any surety upon any bond furnished in connection with this Contract becomes unacceptable to the County, or if any such surety fails to furnish reports as to his its financial condition from time to time as requested by Orange County Sheriff-Coroner DepartmentCounty, the Contractor shall promptly furnish such additional security as may be required by Orange the County Sheriff-Coroner Department or the Board of Supervisors from time to time to protect the interests of the County and of persons supplying labor or materials in the prosecution of the Work work contemplated by this Contract. If the County increases the total Contract amount the Contractor is to provide a new bond for the new total Contract amount or a bond for the difference.
Appears in 1 contract
Samples: Inmate Communication Services
Bonds. The Contractor shall furnish, at time of signing the Contract, one surety bond which shall protect the laborers and material men and shall be for 100 percent of the amount of the Task Order Contract$500,000, in accordance with Section 9554 of the Civil Code, and one surety bond in the amount of 100 percent of the Task Order Contract$500,000, guaranteeing the faithful performance of the Contract; said . If at any time the value of the total task orders is expected to exceed $500,000, the Contractor shall furnish, in a manner acceptable to the County, evidence that the Contractor is bonded to the expected total value of outstanding task orders for both the faithful performance and laborers and material men bonds. Contractor shall not be entitled to, nor shall County authorize, task orders when the total outstanding value of the task orders under this contract exceeds the bond values for which the County is an obligee. Said bonds to be first approved by the office of the County Counsel and the County Executive Office of Orange County and shall be at minimum $500,000County. Such bonds shall be the forms provided in these specifications, issued, specifications and issued and executed by an admitted surety insurer (authorized to transact surety insurance in California). (e.g., if the bonds are issued through a surplus line broker, both the surplus line broker and the insurer with whom he is doing business for purposes of this project must be licensed in California to issue such bonds.) The faithful performance bond shall be issued by a Surety company with a minimum insurance rating of A- (Secure Best’s Ratingating) and VIII (Financial Size Category) as determined by the most current edition of the Best’s Key Rating Guide/Property-Casualty-Casualty/United States or xxxxxx.xxx. The Surety Company must also be authorized to write in California by the Department of the Treasury, and must be listed on the most current edition of the Department of Treasury’s Listing of Approved Securities. If any surety upon any bond furnished in connection with this Contract becomes unacceptable to the County, or if any such surety fails to furnish reports as to his financial condition from time to time as requested by Orange County Sheriff-Coroner Department, the Contractor shall promptly furnish such additional security as may be required by Orange County Sheriff-Coroner Department or the Board of Supervisors from time to time to protect the interests of the County and of persons supplying labor or materials in the prosecution of the Work contemplated by this Contract. If the County increases the total Contract amount the Contractor is to provide a new bond for the new total Contract amount or a bond for the difference.
Appears in 1 contract
Samples: Order Contract
Bonds. The Contractor shall furnish, at time of signing the Contract, one surety bond which shall protect the laborers and material men and shall be for 100 percent of the amount of the Task Order Contract$500,000, in accordance with Section 9554 of the Civil Code, and one surety bond in the amount of 100 percent of the Task Order Contract$500,000, guaranteeing the faithful performance of the Contract; said . If at any time the value of the total task orders is expected to exceed $500,000, the Contractor shall furnish, in a manner acceptable to the County, evidence that the Contractor is bonded to the expected total value of outstanding task orders for both the faithful performance and laborers and material bonds. Contractor shall not be entitled to, nor shall County authorize, task orders when the total outstanding value of the task orders under this contract exceeds the bond values for which the County is an obligee. Said bonds to be first approved by the office of the County Counsel and the County Executive Office of Orange County and shall be at minimum $500,000County. Such bonds shall be the forms provided in these specifications, issued, specifications and issued and executed by an admitted surety insurer (authorized to transact surety insurance in California). (e.g., if the bonds are issued through a surplus line broker, both the surplus line broker and the insurer with whom he is doing business for purposes of this project must be licensed in California to issue such bonds.) The faithful performance bond shall be issued by a Surety company with a minimum insurance rating of A- (Secure Best’s Rating) and VIII (Financial Size Category) as determined by the most current edition of the Best’s Key Rating Guide/Property-Casualty-Casualty/United States or xxxxxx.xxx. The Surety Company must also be authorized to write in California by the Department of the Treasury, and must be listed on the most current edition of the Department of Treasury’s Listing of Approved Securities. If any surety upon any bond furnished in connection with this Contract becomes unacceptable to the County, or if any such surety fails to furnish reports as to his financial condition from time to time as requested by Orange County Sheriff-Coroner DepartmentOC Public Works, the Contractor shall promptly furnish such additional security as may be required by Orange County Sheriff-Coroner Department OC Public Works or the Board of Supervisors from time to time to protect the interests of the County and of persons supplying labor or materials in the prosecution of the Work work contemplated by this Contract. If the County increases the total Contract amount the Contractor is to provide a new bond for the new total Contract amount or a bond for the difference.
Appears in 1 contract
Samples: cams.ocgov.com
Bonds. The Contractor shall furnish, at time of signing the Contract, one surety bond which shall protect the laborers and material men and shall be for 100 percent of the amount of the Task Order Contract$1,500,000, in accordance with Section 9554 of the Civil Code, and one surety bond in the amount of 100 percent of the Task Order Contract$1,500,000, guaranteeing the faithful performance of the Contract; said . If at any time the value of the total task orders is expected to exceed $1,500,000, the Contractor shall furnish, in a manner acceptable to the County, evidence that the Contractor is bonded to the expected total value of outstanding task orders for both the faithful performance and laborers and material men bonds. Contractor shall not be entitled to, nor shall County authorize, task orders when the total outstanding value of the task orders under this contract exceeds the bond values for which the County is an obligee. Said bonds to be first approved by the office of the County Counsel and the County Executive Office of Orange County and shall be at minimum $500,000County. Such bonds shall be the forms provided in these specifications, issued, specifications and issued and executed by an admitted surety insurer (authorized to transact surety insurance in California). (e.g., if the bonds are issued through a surplus line broker, both the surplus line broker and the insurer with whom he is doing business for purposes of this project must be licensed in California to issue such bonds.) The faithful performance bond shall be issued by a Surety company with a minimum insurance rating of A- (Secure Best’s 's Rating) and VIII (Financial Size Category) as determined by the most current edition of the Best’s 's Key Rating Guide/Property-Casualty/United States or xxxxxx.xxx. The Surety Company must also be authorized to write in California by the Department of the Treasury, and must be listed on the most current edition of the Department of Treasury’s 's Listing of Approved Securities. If any surety upon any bond furnished in connection with this Contract becomes unacceptable to the County, or if any such surety fails to furnish reports as to his financial condition from time to time as requested by Orange County Sheriff-Coroner DepartmentOC Public Works, the Contractor shall promptly furnish such additional security as may be required by Orange County Sheriff-Coroner Department OC Public Works or the Board of Supervisors from time to time to protect the interests of the County and of persons supplying labor or materials in the prosecution of the Work contemplated by this Contract. If the County increases the total Contract amount the Contractor is to provide a new bond for the new total Contract amount or a bond for the difference.
Appears in 1 contract
Samples: cams.ocgov.com
Bonds. The Contractor shall furnish, at time of signing the Contract, one surety bond which shall protect the laborers and material men and shall be for 100 percent of the amount of the Task Order Contract$200,000, in accordance with Section 9554 of the Civil Code, and one surety bond in the amount of 100 percent of the Task Order Contract$200,000, guaranteeing the faithful performance of the Contract; said . If at any time the value of the total task orders is expected to exceed $200,000, the Contractor shall furnish, in a manner acceptable to the County, evidence that the Contractor is bonded to the expected total value of outstanding task orders for both the faithful performance and laborers and material men bonds. Contractor shall not be entitled to, nor shall County authorize, task orders when the total outstanding value of the task orders under this contract exceeds the bond values for which the County is an obligee. Said bonds to be first approved by the office of the County Counsel and the County Executive Office of Orange County and shall be at minimum $500,000County. Such bonds shall be the forms provided in these specifications, issued, specifications and issued and executed by an admitted surety insurer (authorized to transact surety insurance in California). (e.g., if the bonds are issued through a surplus line broker, both the surplus line broker and the insurer with whom he is doing business for purposes of this project must be licensed in California to issue such bonds.) The faithful performance bond shall be issued by a Surety company with a minimum insurance rating of A- (Secure Best’s Rating) and VIII (Financial Size Category) as determined by the most current edition of the Best’s Key Rating Guide/Property-Casualty/United States or xxxxxx.xxx. The Surety Company must also be authorized to write in California by the Department of the Treasury, and must be listed on the most current edition of the Department of Treasury’s Listing of Approved Securities. If any surety upon any bond furnished in connection with this Contract becomes unacceptable to the County, or if any such surety fails to furnish reports as to his financial condition from time to time as requested by Orange County Sheriff-Coroner DepartmentOC Public Works, the Contractor shall promptly furnish such additional security as may be required by Orange County Sheriff-Coroner Department OC Public Works or the Board of Supervisors from time to time to protect the interests of the County and of persons supplying labor or materials in the prosecution of the Work contemplated by this Contract. If the County increases the total Contract amount the Contractor is to provide a new bond for the new total Contract amount or a bond for the difference.
Appears in 1 contract
Samples: cams.ocgov.com
Bonds. The Contractor shall furnish, at time of signing the Contract, one surety bond which shall protect the laborers and material men materialmen and shall be for 100 percent of the amount of the Task Order Contract$1,000,000, in accordance with Section 9554 of the Civil Code, and one surety bond in the amount of 100 percent of the Task Order Contract$1,000,000, guaranteeing the faithful performance of the Contract; said . If at any time the value of the total job orders is expected to exceed $1,000,000, the Contractor shall furnish, in a manner acceptable to the County, evidence that the Contractor is bonded to the expected total value of outstanding job orders for both the faithful performance and laborers and materialmen bonds. Contractor shall not be entitled to, nor shall County authorize, job orders when the total outstanding value of the job orders under this contract exceeds the bond values for which the County is an obligee. Said bonds to be first approved by the office of the County Counsel and the County Executive Office of Orange County and shall be at minimum $500,000County. Such bonds shall be the forms provided in these specifications, issued, specifications and issued and executed by an admitted surety insurer (authorized to transact surety insurance in California). (e.g., if the bonds are issued through a surplus line broker, both the surplus line broker and the insurer with whom he is doing business for purposes of this project must be licensed in California to issue such bonds.) The faithful performance bond shall be issued by a Surety company with a minimum insurance rating of A- (Secure Best’s Rating) and VIII (Financial Size Category) as determined by the most current edition of the Best’s Key Rating Guide/Property-Casualty-Casualty/United States or xxxxxx.xxx. The Surety Company must also be authorized to write in California by the Department of the Treasury, and must be listed on the most current edition of the Department of Treasury’s Listing of Approved Securities. If any surety upon any bond furnished in connection with this Contract becomes unacceptable to the County, or if any such surety fails to furnish reports as to his financial condition from time to time as requested by Orange County Sheriff-Coroner DepartmentOC Public Works, the Contractor shall promptly furnish such additional security as may be required by Orange County Sheriff-Coroner Department OC Public Works or the Board of Supervisors from time to time to protect the interests of the County and of persons supplying labor or materials in the prosecution of the Work work contemplated by this Contract. If the County increases the total Contract amount the Contractor is to provide a new bond for the new total Contract amount or a bond for the difference.
Appears in 1 contract
Samples: cams.ocgov.com
Bonds. The Contractor shall furnish, at time of signing the Contract, one surety bond which shall protect the laborers and material men and shall be for 100 percent of the amount of the Task Order Contract$500,000, in accordance with Section 9554 of the Civil Code, and one surety bond in the amount of 100 percent of the Task Order Contract$500,000, guaranteeing the faithful performance of the Contract; said . If at any time the value of the total task orders is expected to exceed $ 500,000, the Contractor shall furnish, in a manner acceptable to the County, evidence that the Contractor is bonded to the expected total value of outstanding task orders for both the faithful performance and laborers and material men bonds. Contractor shall not be entitled to, nor shall County authorize, task orders when the total outstanding value of the task orders under this contract exceeds the bond values for which the County is an obligee. Said bonds to be first approved by the office of the County Counsel and the County Executive Office of Orange County and shall be at minimum $500,000County. Such bonds shall be the forms provided in these specifications, issued, specifications and issued and executed by an admitted surety insurer (authorized to transact surety insurance in California). (e.g., if the bonds are issued through a surplus line broker, both the surplus line broker and the insurer with whom he is doing business for purposes of this project must be licensed in California to issue such bonds.) The faithful performance bond shall be issued by a Surety company with a minimum insurance rating of A- (Secure Best’s Rating) and VIII (Financial Size Category) as determined by the most current edition of the Best’s Key Rating Guide/Property-Casualty/United States or xxxxxx.xxx. The Surety Company must also be authorized to write in California by the Department of the Treasury, Treasury and must be listed on the most current edition of the Department of Treasury’s Listing of Approved Securities. If any surety upon any bond furnished in connection with this Contract becomes unacceptable to the County, or if any such surety fails to furnish reports as to his financial condition from time to time as requested by Orange County Sheriff-Coroner DepartmentOC Public Works, the Contractor shall promptly furnish such additional security as may be required by Orange County Sheriff-Coroner Department OC Public Works or the Board of Supervisors from time to time to protect the interests of the County and of persons supplying labor or materials in the prosecution of the Work contemplated by this Contract. If the County increases the total Contract amount the Contractor is to provide a new bond for the new total Contract amount or a bond for the difference.
Appears in 1 contract
Samples: cams.ocgov.com
Bonds. The Contractor shall furnish, at time of signing the Contract, one surety bond which shall protect the laborers and material men and shall be for 100 percent of the amount of the Task Order Contract$500,000, in accordance with Section 9554 of the Civil Code, and one surety bond in the amount of 100 percent of the Task Order Contract$500,000, guaranteeing the faithful performance of the Contract; said . If at any time the value of the total task orders is expected to exceed $500,000, the Contractor shall furnish, in a manner acceptable to the County, evidence that the Contractor is bonded to the expected total value of outstanding task orders for both the faithful performance and laborers and material men bonds. Contractor shall not be entitled to, nor shall County authorize, task orders when the total outstanding value of the task orders under this contract exceeds the bond values for which the County is an obligee. Said bonds to be first approved by the office of the County Counsel and the County Executive Office of Orange County and shall be at minimum $500,000County. Such bonds shall be the forms provided in these specifications, issued, specifications and issued and executed by an admitted surety insurer (authorized to transact surety insurance in California). (e.g., if the bonds are issued through a surplus line broker, both the surplus line broker and the insurer with whom he is doing business for purposes of this project must be licensed in California to issue such bonds.) The faithful performance bond shall be issued by a Surety company with a minimum insurance rating of A- (Secure Best’s Rating) and VIII (Financial Size Category) as determined by the most current edition of the Best’s Key Rating Guide/Property-Casualty/United States or xxxxxx.xxx. The Surety Company must also be authorized to write in California by the Department of the Treasury, and must be listed on the most current edition of the Department of Treasury’s Listing of Approved Securities. If any surety upon any bond furnished in connection with this Contract becomes unacceptable to the County, or if any such surety fails to furnish reports as to his financial condition from time to time as requested by Orange County Sheriff-Coroner DepartmentOC Public Works, the Contractor shall promptly furnish such additional security as may be required by Orange County Sheriff-Coroner Department OC Public Works or the Board of Supervisors from time to time to protect the interests of the County and of persons supplying labor or materials in the prosecution of the Work contemplated by this Contract. If the County increases the total Contract amount the Contractor is to provide a new bond for the new total Contract amount or a bond for the difference.. DocuSign Envelope ID: 093CE3A1-C1AC-48D3-881F-401D999DA288
Appears in 1 contract
Samples: License and User Agreement
Bonds. The Contractor shall furnish, at time of signing the Contract, one surety bond which shall protect the laborers and material men and shall be for 100 percent of the amount of the Task Order Contract$1,500,000, in accordance with Section 9554 of the Civil Code, and one surety bond in the amount of 100 percent of the Task Order Contract$1,500,000, guaranteeing the faithful performance of the Contract; said . If at any time the value of the total task orders is expected to exceed $1,500,000, the Contractor shall furnish, in a manner acceptable to the County, evidence that the Contractor is bonded to the expected total value of outstanding task orders for both the faithful performance and laborers and material men bonds. Contractor shall not be entitled to, nor shall County authorize, task orders when the total outstanding value of the task orders under this contract exceeds the bond values for which the County is an oblige. Said bonds to be first approved by the office of the County Counsel and the County Executive Office of Orange County and shall be at minimum $500,000County. Such bonds shall be the forms provided in these specifications, issued, specifications and issued and executed by an admitted surety insurer (authorized to transact surety insurance in California). (e.g., if the bonds are issued through a surplus line broker, both the surplus line broker and the insurer with whom he is doing business for purposes of this project must be licensed in California to issue such bonds.) The faithful performance bond shall be issued by a Surety company with a minimum insurance rating of A- (Secure Best’s Rating) and VIII (Financial Size Category) as determined by the most current edition of the Best’s Key Rating Guide/Property-Property- Casualty/United States or xxxxxx.xxx. The Surety Company must also be authorized to write in California by the Department of the Treasury, and must be listed on the most current edition of the Department of Treasury’s Listing of Approved Securities. If any surety upon any bond furnished in connection with this Contract becomes unacceptable to the County, or if any such surety fails to furnish reports as to his financial condition from time to time as requested by Orange County Sheriff-Coroner DepartmentOC Public Works, the Contractor shall promptly furnish such additional security as may be required by Orange County Sheriff-Coroner Department OC Public Works or the Board of Supervisors from time to time to protect the interests of the County and of persons supplying labor or materials in the prosecution of the Work contemplated by this Contract. If the County increases the total Contract amount the Contractor is to provide a new bond for the new total Contract amount or a bond for the difference.
Appears in 1 contract
Samples: cams.ocgov.com