PERFORMANCE AND PAYMENT BONDS FOR INDIVIDUAL ORDERS Sample Clauses
The "Performance and Payment Bonds for Individual Orders" clause requires contractors to provide specific financial guarantees—performance and payment bonds—for each separate order under a contract. In practice, this means that for every individual task or delivery order issued, the contractor must secure bonds that ensure both the satisfactory completion of the work and payment to subcontractors and suppliers. This clause serves to protect the project owner from financial loss due to contractor default or non-payment, thereby allocating risk and ensuring that obligations are met for each distinct order.
PERFORMANCE AND PAYMENT BONDS FOR INDIVIDUAL ORDERS. H-GAC’s contractual requirements DO NOT include a Performance & Payment Bond (PPB); therefore, Contractor shall offer pricing that reflects this cost savings. Contractor shall remain prepared to offer a PPB to cover any order if so requested by the END USER. Contractor shall quote a price to END USER for provision of any requested PPB, and agrees to furnish the PPB within ten business (10) days of receipt of END USER's purchase order.
PERFORMANCE AND PAYMENT BONDS FOR INDIVIDUAL ORDERS. H-GAC’s contractual requirements DO NOT include a Performance & Payment Bond (PPB); therefore, Contractor shall offer pricing that reflects this cost savings. Contractor shall remain prepared to offer a PPB to cover any order if so requested by the CUSTOMER/END USER. Contractor shall quote a price to CUSTOMER/END USER for provision of any requested PPB, and agrees to furnish the PPB within ten business (10) days of receipt of CUSTOMER/END USER's purchase order.
PERFORMANCE AND PAYMENT BONDS FOR INDIVIDUAL ORDERS. HGLDC’s contractual requirements DO NOT include a Performance & Payment Bond (PPB); therefore, Contractor shall offer pricing that reflects this cost savings. Contractor shall remain prepared to offer a PPB to cover any order if so requested by the END USER. Contractor shall quote a price to END USER for provision of any requested PPB, and agrees to furnish the PPB within ten business (10) days of receipt of END USER's purchase order.
PERFORMANCE AND PAYMENT BONDS FOR INDIVIDUAL ORDERS. $h_gac_entity_acronym’s contractual requirements DO NOT include a Performance & Payment Bond (PPB); therefore, $company_role shall offer pricing that reflects this cost savings. $company_role shall remain prepared to offer a PPB to cover any order if so requested by the END USER. $company_role shall quote a price to END USER for provision of any requested PPB, and agrees to furnish the PPB within ten business (10) days of receipt of END USER's purchase order.
PERFORMANCE AND PAYMENT BONDS FOR INDIVIDUAL ORDERS. EPC’s contractual requirements DO NOT include a Performance & Payment Bond (PPB); therefore, Contractor shall offer pricing that reflects this cost savings. Contractor shall remain prepared to offer a PPB to cover any order if so requested by the END USER. Contractor shall quote a price to END USER for provision of any requested PPB, and agrees to furnish the PPB within ten business (10) days of receipt of END USER's purchase order.