Construction Bonds, Insurance and Supervision. (i) The Recipient shall require that each of its Contractors furnish a performance and payment bond in an amount at least equal to 100 percent (100%) of its contract price as security for the faithful performance of its contract.
Appears in 339 contracts
Samples: Project Grant Agreement, Project Grant Agreement, Project Grant Agreement
Construction Bonds, Insurance and Supervision. (i1) The Recipient shall require that each of its Contractors furnish a performance and payment bond in an amount at least equal to 100 percent (100%) of its contract price as security for the faithful performance of its contract.
Appears in 40 contracts
Samples: Project Grant Agreement, Project Grant Agreement, Project Grant Agreement