Examples of Labour and Material Bond in a sentence
The Performance Bond and the Labour and Material Bond shall include the Contract name and number.
If a Certified Cheque or Bank Draft is used in lieu of a Performance Bond and Labour and Material Bond, it must be submitted as a PDF copy with the Submission.
The Labour and Material Bond must be as per Form 31, Labour and Material Payment Bond under Section 85.1 of the Construction Act.
The Contractor is required to provide a Performance and a Labour and Material Bond as follows, to guarantee his faithful performance of this contract and his fulfillment of all obligations in respect to maintenance and payment for Labour and Materials used on this work.
If requested, Contractor shall provide a 50% Performance Bond and a 50% Labour and Material Bond for the work.