CONTRACT BOND. The approved form of security furnished by the contractor and his surety as a guaranty of good faith on the part of the contractor to execute the work in accordance with the terms of the contract.
CONTRACT BOND. The security furnished by the Contractor and the surety as a guaranty that the Contractor shall fulfill the terms of the Contract and pays all legal debts pertaining to the maintenance of the project.
CONTRACT BOND. The successful Bidder shall provide an executed Contract Bond for the full Contract amount. This Contract Bond shall:
CONTRACT BOND. The Buyer shall issue a promissory note in the amount equals to 40% of the total purchase price of the Product to the Seller as contract bond.
CONTRACT BOND. Delete the first paragraph and replace it with the following: The successful bidder shall provide executed payment and performance bonds for the full contract amount. The separate payment and performance bonds shall be for the full contract amount. The bonds shall:
CONTRACT BOND. (July 23, 2015 APWA GSP) Delete the first paragraph and replace it with the following: The successful Bidder shall provide an executed Contract Bond for the full Contract amount. The Bond may be a combined payment and performance bond, or be separate payment and performance bonds. In the case of separate payment and performance bonds, each bond shall be for the full Contract amount. The bond(s) shall:
CONTRACT BOND. (Used if 10% Bid Guaranty Check was submitted with Bid; not required if 100% Bid Guaranty and Contract Bond was submitted with Bid.) KNOW ALL MEN BY THESE PRESENTS: THAT WE, the undersigned as Principal and as Sureties, and hereby held and firmly bound unto the in the penal sum of Dollars ($ ), for the payment of which, well and truly to be made, we hereby jointly and severally bind ourselves, our heirs, executors, administrators, successors, and assigns. Signed this day of , 20 . THE CONDITION OF THE ABOVE OBLIGATION IS SUCH that whereas the above named Principal did on the day of , 20 , enter into a Contract with for Contract No. which said Contract is made a part of this Bond, and same as though set forth herein.
CONTRACT BOND. Within fourteen (14) days after receipt of the notice to accept the bid and award a contract, the Contractor shall file with the City’s Buyer a contract bond in the amount of ten thousand dollars ($10,000.00) executed by the Contractor as principal and a surety authorized to do business as such in the State of Washington. The bond shall be subject to approval by the City Attorney as to form and sufficiency of surety and shall be conditioned upon the Contractor's faithful performance of its duties under the Contract and this Contract Extension. Damages sustained by the City or by members of the public for the Contractor's failure to comply with conditions of the Contract shall be recoverable by agreement of the Contractor and surety or by presentation, to the surety, of a certified copy of a judgment from any court of competent jurisdiction. The Contractor shall maintain the bond in full force and effect throughout the term of the Contract and this Contract Extension and during the pendency of any claim brought against the bond during the term of the Contract and this Contract Extension. The bond shall provide for at least sixty (60) days prior written notice to the City by the surety, of the bond's cancellation.
CONTRACT BOND. The Contractor shall furnish a contract bond in the amount of one million dollars $1,000,000) within twenty (20) calendar days after execution of this Agreement. The Bond shall be conditioned upon full performance of all obligations imposed upon Contractor in this Agreement. The bond must be approved by the City Attorney as to form and sufficiency. If the bond is found by the City Attorney to be flawed, Contractor must correct the flaw within twenty (20) business days of written notification to the Contractor that the bond is flawed or the City may terminate this Agreement. The bond must be executed by a company authorized to do business as a qualified surety in the State of Washington (enclosed).
CONTRACT BOND. In accordance with Section 1-03.4 of the Standard Specifications, the contractor shall, at the time of delivery of the executed contract, furnish to the county a Performance Bond in the full amount of the contract price conditioned for the faithful performance of the contract. WATER AND POWER Water and electrical power are available at the NCW Fairgrounds. The Contractor shall make arrangements with the NCW Fair Manager for the location and use of water and electrical power. STORAGE & STAGING AREA Section 1-06.4 of the Standard Specifications is supplemented with the following: "The Contractor may use designated areas of the NCW Fairgrounds area for a storage or staging area. The Contractor shall coordinate the location and use of storage and staging areas with the NCW Fair Manager prior to bringing equipment and materials to the project site."
