Performance Bond. A Performance Bond is required if the Contract Sum is in excess of $100,000. The Performance Bond is solely for the protection of the Owner. The Performance Bond is to be for the Contract Sum to guarantee the faithful performance of the Work in accordance with the Contract Documents. The form of the bond shall be approved by the Attorney General of Texas. The Performance Bond shall be effective through the Contractor’s warranty period.
Appears in 45 contracts
Samples: Agreement, assets.system.tamus.edu, assets.system.tamus.edu
Performance Bond. A Performance Bond is required if the Contract Sum is in excess of $100,000. The Performance Bond is solely for the protection of the OwnerOwner and ODR. The Performance Bond is to be for the Contract Sum to guarantee the faithful performance of the Work in accordance with the Contract Documents. The form of the bond shall be approved by the Office of the Attorney General of Texas. The Performance Bond shall be effective through the Contractor’s warranty period.
Appears in 1 contract
Samples: Master Service Agreement
