Payment and Performance Bonds. The Contractor shall provide Payment and Performance bonds to the City in the amount of 100% of the Contract price and no less. The bonds must be accepted by the City prior to the execution of the Contract and shall be in a form approved by the City. The bonds shall be released thirty (30) days after the date of final acceptance of the work performed under this Contract and receipt of all necessary releases from the Department of Revenue and the Department of Labor and Industries in settlement of any liens filed under chapter 60.28 RCW, whichever is later.
Appears in 13 contracts
Samples: City of Bainbridge Island Small Works Roster Contract, City of Bainbridge Island Small Works Roster Contract, City of Bainbridge Island Small Works Roster Contract
