Common use of Performance and Payment Bonds Clause in Contracts

Performance and Payment Bonds. The authority and responsibility for requesting performance and payment bonds shall rest with the Customer. Under this Contract, the Customer issuing the purchase order may request a performance and payment bond, as deemed necessary by the size of the job. Inability to provide a bond may result in the Contractor being found in default of the purchase order.

Appears in 234 contracts

Sources: Information Technology Staff Augmentation Services Contract, Contract for Information Technology Staff Augmentation Services, Information Technology Staff Augmentation Services Contract

Performance and Payment Bonds. The authority and responsibility for requesting performance and payment bonds shall rest with the Customer. Under this Contractcontract, the Customer issuing the purchase order may request a performance and payment bond, as deemed necessary by the size of the job. Inability to provide a bond may result in the Contractor being found in default of the purchase order.

Appears in 18 contracts

Sources: Information Technology Independent Verification and Validation Contract, Information Technology Independent Verification and Validation Contract, Independent Verification and Validation Contract

Performance and Payment Bonds. The authority and responsibility for requesting performance and payment bonds shall rest with the Customer. Under this Contractcontract, the Customer issuing the purchase order may request a performance and payment bond, bond as deemed necessary by the size of the job. Inability to provide a bond may shall result in the Contractor being found in default of the purchase ordercontract.

Appears in 4 contracts

Sources: Licensing Agreement, Licensing Agreement, Licensing Solutions Provider Agreement

Performance and Payment Bonds. The authority and responsibility for requesting performance and payment bonds shall is to rest with the Customer. Under this Contractcontract, the Customer issuing the purchase order may request a performance and payment bond, as deemed necessary by the size of the job. Inability to provide a bond may is to result in the Contractor being found in default of the purchase ordercontract.

Appears in 2 contracts

Sources: Licensing Agreement, Licensing Solutions Provider Agreement

Performance and Payment Bonds. The authority and responsibility for requesting performance and payment bonds shall rest rests with the Customer. Under this Contractcontract, the Customer issuing the purchase order may request a performance and payment bond, bond as deemed necessary by the size of the job. Inability to provide a bond may result in the Contractor being found in default of the purchase order.

Appears in 1 contract

Sources: Contract

Performance and Payment Bonds. The authority and responsibility for requesting performance and payment bonds shall rest with the Customer. Under this Contract, the Customer issuing the purchase order may request a performance and payment bond, bond as deemed necessary by the size of the job. Inability to provide a bond may result in the Contractor being found in default of the purchase order.

Appears in 1 contract

Sources: Information Technology Staff Augmentation Services Contract