Construction Bond definition

Construction Bond means a bond posted to ensure proper and complete Construction and/or repair of a Facility and the affected Rights of Way pursuant to a Permit.
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Construction Bond means a bond posted with the City to ensure proper and complete Construction, replacement and/or repair of a Facility and/or the effected Rights of Way pursuant to a Permit.
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Construction Bond means a performance and payment bond in a form approved by the Calculation Agent, with a contractor as principal, with a surety company acceptable to the Calculation Agent and licensed to do business in Texas, as surety.
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Examples of Construction Bond in a sentence

  • The payment and performance bonds shall strictly comply with the Public Construction Bond Act, 30 ILCS 550/0.01, et seq.

  • Construction Bond Seller will obtain and maintain or will cause the EPC contractor to obtain and maintain performance and payment bonds in an amount sufficient to obtain non- recourse financing (or as otherwise agreed to by the Parties) for the construction of the Plant.

  • Pursuant to Section 255.05, Florida Statutes, the Public Construction Bond shall be recorded in the Public Records of Hillsborough County, Florida, before commencing any work under this Agreement on the Project.

  • The Public Construction Bond shall be issued by sureties acceptable to the CITY.

  • In such event, Department shall have the right, but not the obligation, to view the location.


More Definitions of Construction Bond

Construction Bond means any Performance Bond provided by the D&C Subcontractor in favour of Project Co. Contamination means a condition of land, air, soil or water including groundwater resulting from past or present Pollution and which shares any of the characteristics of Pollution. Contamination Modification Event means:
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Construction Bond. As provided in Section 3.9. Landlord's Address for Payment of Rent: ▇.▇. ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇, or as otherwise directed by Landlord in writing from time to time. Tenant's Minimum
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Construction Bond. As provided in Section 3.9.
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Construction Bond means a corporate surety bond in a form and amount acceptable to the City Manager representing the value of the estimated cost of restoration of the public Right-of-Way pursuant to Section 6 of this Franchise Agreement.
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Construction Bond means the construction bond referred to in the agreement for sale and purchase between IBL and the Lot Owner.
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Construction Bond means the bond provided by the Concessionaire in accordance with the provisions of this Agreement;
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Construction Bond means the performance bond provided to the SCSA under Clause 6.2(a) or, as applicable, any performance bond replacing it in accordance with Clause 6.3(b) or Clause 6.4(b).
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