Bonds and Other Security for Performance by Contractors. In its GMP Proposal, the CM shall recommend a program and costs for bonds or other security or insurance against default by Contractors as the ▇▇ ▇▇▇▇▇ appropriate to protect the CM and the Owner against such defaults. Such costs shall be included in the GMP if approved by the Owner.
Appears in 2 contracts
Sources: Architect Contract, Construction Management Agreement
Bonds and Other Security for Performance by Contractors. In its GMP Proposal, the CM shall recommend a program and costs for bonds or other security or insurance against default by Contractors as the ▇▇ ▇▇▇▇▇ CM deems appropriate to protect the CM and the Owner against such defaults. Such costs shall be included in the GMP if approved by the Owner.
Appears in 1 contract
Sources: Architect Contract