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 CUSTOMER/END USER. Contractor shall quote a price to CUSTOMER/END USER for provision of any requested PPB, and agrees to furnish the PPB within ten business (10) days of receipt of CUSTOMER/END USER's purchase order.