Common use of SUBCONTRACT BONDS Clause in Contracts

SUBCONTRACT BONDS. Unless expressly excluded, Subcontractor shall supply before the commencement of the work and maintain until completion at Subcontractor’s expense a performance bond and payment bond in a form (attached hereto as Schedules E and F) and written by a surety satisfactory to Contractor in the full amount of the Subcontract Price.

Appears in 2 contracts

Sources: Subcontract Agreement, Subcontract Agreement