Notice to Sureties Clause Samples
The "Notice to Sureties" clause requires that sureties—parties who guarantee the obligations of another—are formally notified of specific events or actions related to the contract, such as defaults, changes, or claims. In practice, this means that if the principal party fails to perform or if there are amendments to the contract, the surety must be promptly informed through a prescribed method, such as written notice. This clause ensures that sureties are kept aware of developments that may affect their obligations, thereby protecting their rights and enabling them to respond appropriately to potential liabilities.
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Notice to Sureties. The Contractor shall notify his sureties and the carriers of the insurance furnished and maintained by him of any changes affecting the general scope of the Work or change in the Contract Price, and the amount of the applicable Bonds and the coverage of the insurance shall be adjusted accordingly. The Contractor shall furnish proof of such adjustments to RMWD.
Notice to Sureties. A. If notice of any change affecting the general scope of the Work or the provisions of the Contract Documents (including, but not limited to, Contract Price or Contract Times) is required by the provisions of any Bond to be given to a surety, the giving of any such notice will be DESIGN/BUILDER's responsibility, and the amount of each applicable Bond will be adjusted accordingly.
Notice to Sureties. If notice of any change affecting the general scope of the Work or the provisions of the Contract Documents (including, but not limited to, Contract Price or Contract Time(s)) is required by the provisions of any Bond to be given to a surety, the giving of any such notice will be DB Entity’s responsibility. The amount of each applicable Bond will be adjusted to reflect the effect of any such change.
Notice to Sureties. If notice of any change affecting the general scope of the work or the provisions of the contract documents (including, but not limited to, contract price or contract time) is required by the provisions of any bond to be given to a surety, the giving of any such notice will be Contractor's responsibility, and the amount of each applicable bond will be adjusted accordingly. Failure to give such notice shall not release the surety from its obligations to County.
Notice to Sureties. If notice of any change affecting the general scope of the Work or the provisions of the Contract Documents (including, but not limited to, Contract Price or Contract Time) is required by the provisions of any Bond to be given to a surety, the giving of any such notice will be Design- Builder's responsibility. A copy of Design-Builder's notice to Surety shall be delivered simultaneously to the City. The amount of each applicable Bond will be adjusted to reflect the effect of any such change. SP-s.s Overtime Inspections Chapter 5, Section 5.5 of the GCDB is amended by being deleted in its entirety. SP-S.6 Delay; Time Extensions; Unforeseeable Delays; Suspension Chapter 5, Section 5.6 (d), Other Unforeseeable Delays, of the GCDB is amended by being deleted in its entirety and replaced with the following SP 5.6 (d), Force majeure events: (d) Force Majeure Events: (l) Time Extensions. The City will issue Change Orders to extend the completion deadlines as the result of any delay in the Critical Path on Baseline Schedule caused by a force majeure event. It shall be the responsibility of Design-Builder to demonstrate to the City that the delay in the Critical Path is attributable solely to the force majeure event. The term "force majeure" shall mean any event beyond the control of Design-Builder, not due to an act or omission of Design-Builder, any Subcontractors, their employees, agents and officers or any other Person for whom Design-Builder may be legally or contractually responsible, and to the extent that the event (or the effects of which event) could not have been avoided or prevented by due diligence and use of reasonable efforts by Design-Builder. [HAR 3-125-18] (2)