Common use of Payment Bonds Clause in Contracts

Payment Bonds. 5.1 Payment bonds are required on contracts greater than $25,000. The cost of all required bonds shall be added to any individual purchase order for which it is required. Contractor must execute and return the required Payment Bond prior to providing the charter service.

Payment Bonds. 5.1 6.1 Payment bonds are required on contracts greater than $25,000. The cost of all required bonds shall be added to any individual purchase order for which it is required. Contractor must execute and return the required Payment Bond prior to providing the charter service.