Examples of Performance Payment in a sentence
Such Performance, Payment and Completion Bond shall be furnished and such Contracts shall be executed and delivered by the successful respondent within ten (10) days after the receipt by the successful respondent of notice accepting his proposal by the Board.
When required, the successful vendor shall furnish a Performance, Payment and Completion Bond in a sum of at least one hundred percent (100%) of the total amount payable by the terms of this Contract.
All bonds – Performance, Payment and Warranty Bonds, shall meet the City’s ratings.
The successful Bidder shall, within the period specified in Section 00200.16 Paragraph 1 above, also furnish a Contractor’s Performance, Payment and Maintenance Bond in the form included in the Contract Documents and shall bear the same date as, or a date subsequent to, the date of the Contract.
If the contract price is in excess of $7,500, a Performance Payment Bond is required.