Common use of Payment Bonds Clause in Contracts

Payment Bonds. (Standard Form 25A). The penal amount of payment bonds at the time of contract award shall be 100 percent of the original contract price.

Appears in 12 contracts

Sources: Fixed Price Construction Contract, Fixed Price Construction Contract, Fixed Price Construction Contract

Payment Bonds. (Standard Form 25A25-A). The penal amount of payment bonds at the time of contract award shall be 100 percent of the original contract price.

Appears in 4 contracts

Sources: Contract, Contract, Contract

Payment Bonds. (Standard Form 25A). The penal amount of payment bonds at the time of contract award shall be 100 percent of the original contract price.

Appears in 2 contracts

Sources: Contract for Services, Design Build Contract