Common use of Architect and Contractor Clause in Contracts

Architect and Contractor. Developer shall disclose to LAUSD its selection of architect ("Architect"), construction manager ("Construction Manager") and the general contractor or multiple prime contractors ("Contractor") for Construction, which Architect, Construction Manager Contractor, and subcontractors shall be licensed, in good standing and authorized to do business in the State of California throughout the Construction of the Project, and selected in accordance with the California Public Contract Code ("Contract Code") and be on LAUSD’s list of approved vendors. Contractor shall be bonded for an amount no less than 100% of the total cost of Construction and the bond shall be in a form substantially similar to that Form of Payment and/or Performance Bond set forth in Exhibit C hereto (the "Performance Bond"), which Performance Bond shall be maintained throughout the Construction of the Project. Prior to commencement of Construction, Developer shall provide to LAUSD a true and accurate copy of the Performance Bond.