Common use of Required Bonds Clause in Contracts

Required Bonds. Bid Bond 5% of proposed contract value at time of bid submission Payment Bond 100% of contract value-upon award of contract Performance Bond 100% of contract value upon award of contract

Appears in 2 contracts

Sources: Construction Contract, Construction Contract

Required Bonds. Bid Bond 5% of proposed contract value at time of bid submission Payment Bond 100% of contract value-upon award of contract Performance Bond 100% of contract value upon award of contract

Appears in 1 contract

Sources: Contract Agreement