PAYMENT BOND AND PERFORMANCE BOND. Contractor shall not commence the Work until it has provided to the District, in a form acceptable to the District, a Payment (Labor and Material) Bond and a Performance Bond, each in an amount equivalent to one hundred percent (100%) of the Contract Price issued by a surety admitted to issue bonds in the State of California and otherwise acceptable to the District.
PAYMENT BOND AND PERFORMANCE BOND. Contractor shall not commence the Project until it has provided to the SCC, in a form acceptable to the SCC, a Payment (Labor and Material) Bond and a Performance Bond, each in an amount equivalent to 100 percent of the Contract Price issued by a surety admitted to issue bonds in the State of California and otherwise acceptable to the SCC.
PAYMENT BOND AND PERFORMANCE BOND. Contractor shall not commence the Project until it has provided to the AOC in a form acceptable to the AOC, a Payment (Labor and Material) Bond and a Performance Bond, each in an amount equivalent to 100 percent of the Task Order Price issued by a surety admitted to issue bonds in the State of California and otherwise acceptable to the AOC.
PAYMENT BOND AND PERFORMANCE BOND. Contractor shall not commence the Work until it has provided to the BCOE, in a form acceptable to the BCOE, a Payment (Labor and Material) Bond and a Performance Bond, each in an amount equivalent to one hundred percent (100%) of the Contract Price issued by a surety admitted to issue bonds in the State of California and otherwise acceptable to the BCOE.
PAYMENT BOND AND PERFORMANCE BOND. 11.1 As a condition precedent to the formation of the agreement between Contractor and Customer, the Contractor shall provide a payment bond as herein described. To secure the prompt payment of all persons supplying labor or materials used in the performance of work under any underlying LOC, the Contractor shall procure, submit to the State with the executed supplement/purchase order, and maintain in effect at all times during the course of its work under the underlying LOC, a payment bond in the total amount of the contract amount. The bond shall be made by a surety company which is authorized to do business in the State of Mississippi and listed on the United States Treasury Department’s list of acceptable sureties. The bond shall be accompanied by a duly authenticated or certified document identifying the name and address of the person or entity holding the payment bond, and identifying a contact person to be notified in the event action against the bond is necessary. The term of the payment bond shall be concurrent with the term of the supplement/purchase order and shall not be released to Contractor until all services required under same have been completed and accepted by Customer, and all persons supplying labor or materials in the performance of work under the supplement/purchase order have been paid in full by the Contractor. The payment bond shall be procured at Contractor’s expense and be payable to the Customer. Prior to approval of the payment bond, the State reserves the right to review the bond and require Contractor to substitute an acceptable bond in such form as the State may reasonably require. The premiums on such bond shall be paid by Contractor. The bond must specifically refer to the underlying LOC, and supplement/purchase order and shall bind the surety to all of the terms and conditions of same and of this Master Agreement.
PAYMENT BOND AND PERFORMANCE BOND. The Vendor shall not commence the Work until it has provided to the District, in the forms included in Exhibit C, attached hereto and incorporated herein by this reference, a Payment (Labor and Material) Bond and a Performance Bond, each in an amount equivalent to 100 percent of the Installation Price issued by a surety admitted to issue bonds in the State of California and otherwise acceptable to the District.
PAYMENT BOND AND PERFORMANCE BOND. A. Contractor shall not commence Work on the Project until it has provided to the AOC, in form acceptable to the AOC, the following surety bonds issued by a California admitted surety insurer:
PAYMENT BOND AND PERFORMANCE BOND. The Supplier shall not commence the Project until it has provided to the Government, in a form acceptable to us, a Performance Bond, in an amount equivalent to one hundred percent (100%) of the Fee issued by a surety licensed to issue bonds in Bermuda. (Not Applicable) APPENDIX 1
PAYMENT BOND AND PERFORMANCE BOND. A. Contractor shall not commence Work on the Project until it has provided to the Judicial Council, in form acceptable to the Judicial Council, the following surety bonds issued by a California admitted surety insurer:
PAYMENT BOND AND PERFORMANCE BOND. The Designer/Builder shall not commence the Work until it has provided to the District, in a form acceptable to the District, a Payment (Labor and Material) Bond and a Performance Bond, each in an amount equivalent to one hundred percent (100%) of the Contract Price issued by a surety admitted to issue bonds in the State of California and otherwise acceptable to the District All performance bond liability will cease one (1) year from the completion date of the work of this Contract. The balance of any warranty or guarantee beyond one year required by District shall continue to be guaranteed solely by Designer/Builder. The payment bond liability will cease at the termination of any time required by law.
