Subcontractor Bonds. Owner reserves the right to require the Contractor to obtain Performance and Payment Bonds for any Subcontractor’s bid. Owner will pay the actual cost of any bond so required, not including any overhead and profit. If said bonds cannot be obtained within thirty (30) Calendar Days of notification, the Subcontractor shall be replaced at no additional cost to Owner.
Appears in 3 contracts
Sources: Construction Agreement, Owner Contractor Construction Agreement, Construction Contract