Maintenance Bond. Prior to being placed on Council's agenda for acceptance of public improvements in this Subdivision, Subdivider shall deposit with the Director of Finance a Three (3) year maintenance bond for streets, pavement, storm and sanitary sewers, water systems, street lighting systems and facilities appurtenant thereto in the amount of Forty Six Thousand Nine Hundred Eighty Two and 50/100 ($46,982.50) Dollars, which represents ten percent (10%) of the estimated cost of said public improvements.
Maintenance Bond. The Payment Bond and the Performance Bond shall be in a sum equal to the contract price. If the Performance Bond provides for a one-year warranty a separate Maintenance Bond is not necessary. If the warranty period specified in the contract is for longer than one year a Maintenance Bond equal to 10% of the contract price is required. Bonds shall be duly executed by a responsible corporate surety, authorized to issue such bonds in the State of California and secured through an authorized agent with an office in California.
Maintenance Bond. Prior to being placed on Council's agenda for acceptance of Public Improvements in the Development, Developer shall deposit with the Finance Director a three (3) year (measured from the date on which the Public Improvements are accepted by the City) maintenance bond for the Public Improvements in the amount Sixty-three Thousand Two Dollars ($63,002.00), which represents ten percent (10%) of the estimated cost of said Public Improvements.
Maintenance Bond. The payment bond and the performance bond shall be in a sum equal to the contract price. If the performance bond provides for a one year warranty a separate Maintenance Bond is not necessary. If the warranty period specified in the contract is for longer than one year a Maintenance Bond equal to 10% of the contract price is required. Bonds shall be duly executed by a responsible corporate surety, authorized to issue such bonds in the State of Michigan and secured through an authorized agent with an office in Michigan. SECTION 103. SCOPE OF WORK 103.01 Intent of the Plans, Specifications and Contract The intent of the Plans, Specifications and Contract is to provide for the completion of the Work in substantial compliance with the details as shown thereon and as described herein. The Contractor shall furnish all labor, materials, equipment, tools, transportation and necessary supplies, and shall perform all operations required to complete the Work in accordance with the Specifications, and the lines, grades and cross-sections provided for on the Plans, by Change Order or by Contract Modification. The Contractor shall have the affirmative responsibility to carefully study and compare the Contract Documents with each other and with information furnished by the County. The Contractor shall have the responsibility to immediately report to the County errors, inconsistencies or omissions discovered. If the Contractor performs any construction Work knowing it involves a recognized error, inconsistency or omission in the Contract Documents without such notice to the County, the Contractor shall assume appropriate responsibility for such performance and shall bear an appropriate amount of the attributable costs for correction. 103.02 Construction Schedule The construction schedule or critical path method (CPM) as required in the Invitation For Bid shall be submitted, prior to the pre-construction conference, for review and approval by the county Engineer. Updated construction schedules shall be supplied to the County with each application for payment. An updated construction schedule will always be supplied when any extension of the Contract Time has been granted by the County. Failure to provide any requested update of the construction schedule is grounds for termination. The Contractor shall prepare and keep current, for the County’s approval, a schedule of submittals which is coordinated with the Contractor’s construction schedule and allows the County reasonable...
Maintenance Bond. The apparent successful Vendor shall provide a two
Maintenance Bond. Successful bidder shall upon acceptance of the work submit a maintenance bond in the amount of 100% guaranteeing against defective quality of work or materials for the period of: 1 year 2 years If required, failure to submit may be cause for rejection of bid in accordance with NJSA 40A:11-23.2.
Maintenance Bond. Prior to the commencement of any work on any City property or rights of way, the Developer shall provide in the form of a Maintenance Bond, in form acceptable to the City, executed by Developer and a surety acceptable to the City, a written warranty providing protection for the City as to both material and workmanship for a period of two (2) years following completion and acceptance by the City of such Public Improvements. Pursuant to said bond, the Developer shall remedy any defect in material or workmanship, or pay, or cause to be paid, to the City, all damages, loss, and expense which may occur to the City, by reason of defective materials used, or by reason of defective workmanship done, for, and the construction of, the said Public Improvements. Said Maintenance Bond shall be in an amount equal to 100% of the budgeted cost for all Public Improvements.
Maintenance Bond. Contractor will provide a maintenance bond guaranteeing work shall be free of any defective materials or workmanship which became apparent during the period of 1 year following completion of the Contract. Bond shall be in a form acceptable to the City of University Place. Bond shall be in the amount of 10% of the contract price. Surety shall be licensed to conduct business in the State of Washington and are named in the current list of "Surety Companies Acceptable in Federal Bonds" as published in the Federal Register by the Audit Staff Bureau of Accounts, U.S. Treasury Department.
Maintenance Bond. The Developer shall not be relieved of his obligation to maintain the Water System until the same is accepted by the District in writing; provided however, that upon acceptance of the Water System by the District the Developer shall be required to execute a maintenance bond, post a letter of credit or deposit cash pursuant to an escrow agreement with the District to ensure that the Water System is installed properly and that such construction has been performed in a workmanlike manner. The maintenance bond, letter of credit or cash escrow agreement shall provide that:
Maintenance Bond a. Final acceptance of the Extension by the District shall not relieve the Developer of the obligation to correct defects in labor or materials. Before final acceptance the Developer shall furnish to the District a maintenance bond (bond, assignment of fund or cash) which shall be in force for the warranty period listed in Item 12(d). The bond shall be on the District provided standard form.
