Common use of PERFORMANCE AND PAYMENT BONDS FOR INDIVIDUAL ORDERS Clause in Contracts

PERFORMANCE AND PAYMENT BONDS FOR INDIVIDUAL ORDERS. H-GAC’s contractual requirements DO NOT include a Performance & Payment Bond (PPB); therefore, Contractor shall offer pricing that reflects this cost savings. Contractor shall remain prepared to offer a PPB to cover any order if so requested by the END USER. Contractor shall quote a price to END USER for provision of any requested PPB, and agrees to furnish the PPB within ten business (10) days of receipt of END USER's purchase order.

PERFORMANCE AND PAYMENT BONDS FOR INDIVIDUAL ORDERS. H-GAC’s contractual requirements DO NOT include a Performance & Payment Bond (PPB); therefore, Contractor Customer shall offer pricing that reflects this cost savings. Contractor Customer shall remain prepared to offer a PPB to cover any order if so requested by the END USER. Contractor Customer shall quote a price to END USER for provision of any requested PPB, and agrees to furnish the PPB within ten business (10) days of receipt of END USER's purchase order.