Common use of Performance and Payment Bond Clause in Contracts

Performance and Payment Bond. Contractor shall furnish a Payment and Performance Bond in the full amount of the Contract Price, as security for the faithful performance and payment of all Contractor's obligations under the Contract Documents, including the warranty. This bond shall remain in effect at least until two years after the date of Final Completion.

Performance and Payment Bond. Contractor shall furnish a Payment and Performance Bond in the full amount of the Contract Price, as security for the faithful performance and payment of all Contractor's Contractors’ obligations under the Contract Documents, including the warranty. This bond shall remain in effect at least until two years after the date of Final Completion.

Performance and Payment Bond. Contractor shall furnish a Payment and Performance Bond in the full amount of the Contract Price, as security for the faithful performance and payment of all Contractor's obligations under the Contract Documents, including the warranty. This bond shall remain in effect at least until two 2 years after the date of Final Completion.