Payment Bond. Upon execution of this Agreement, Contractor shall provide a Payment Bond in the amount of 100% of the Contract Price, as security for the true and faithful payment in full of all subcontractors and persons performing labor, services, materials, machinery, and fixtures in connection with the Work. The surety for a Payment Bond shall meet the requirements of Texas law.
Appears in 48 contracts
Samples: Agreement for Construction Services, Agreement for Construction Services, Agreement for Construction Services
Payment Bond. Upon execution of this Agreement, Contractor shall provide a Payment Bond in the amount of 100% of the Contract Price, as security for the true and faithful payment in full of all subcontractors and persons performing labor, services, materials, machinery, and fixtures in connection with the Work. The surety for a Payment Bond shall meet the requirements of Texas lawlaw and the requirements set forth in the Agreement.
Appears in 3 contracts
Samples: Agreement for Construction Services, Agreement for Construction Services, Agreement for Construction Services
Payment Bond. Upon execution of this Agreement, Contractor shall provide a Payment Bond in the amount of 100% of the Contract Price, as security for the true and faithful payment in full of all subcontractors and persons performing labor, services, materials, machinery, and fixtures in connection with the Work. The surety for a Payment Bond shall meet the requirements of Texas lawlaw and the requirements set forth in the Agreement. The form of the bond shall be approved by the Owner.
Appears in 2 contracts
Samples: Agreement for Construction Services, Agreement for Construction Services
Payment Bond. Upon execution of this Agreement, Contractor shall provide a Payment Bond in the amount of 100% of the Contract Price, as security for the true and faithful payment in full of all subcontractors and persons performing labor, services, materials, machinery, and fixtures in connection with the Work. The surety for a Payment Bond shall meet the requirements of Texas lawlaw and the requirements set forth in the Contract Documents.
Appears in 1 contract
Samples: Agreement for Construction Services