Contractor Bonds. In connection with Rearrangements and County or District Projects and any work performed by the County or District or their contractors, the County, District and LACMTA may require their respective contractors to secure payment and performance bonds, or other equivalent sureties, naming the County, District and LACMTA as an additional obligee or co-beneficiary, as appropriate. Such bonds shall be issued by a California licensed surety.
Appears in 2 contracts
Sources: Master Cooperative Agreement, Master Cooperative Agreement