Common use of Performance Bond Clause in Contracts

Performance Bond. A bond in an amount at least equal to one hundred percent (100%) of Guaranteed Maximum Price as security for faithful performance of the Contract Documents.

Appears in 54 contracts

Sources: General Construction Agreement, Facilities Lease, Facilities Lease

Performance Bond. A bond in an amount at least equal to one hundred percent (100%) of Guaranteed Maximum Total Project Price as security for faithful performance of the Contract Documentsthis Contract.

Appears in 5 contracts

Sources: Master Contract for Plumbing Construction Services, Master Contract for Construction Services, Master Contract for Construction Services

Performance Bond. A performance bond in an amount at least equal to one hundred percent One Hundred Percent (100%) of Guaranteed Maximum Price as security for faithful performance of the Contract Documentstotal contract value.

Appears in 1 contract

Sources: Works Contract

Performance Bond. A bond in an amount at least equal to one hundred percent (100%) of Guaranteed Maximum Price the contract price as security for faithful performance of the Contract Documentsconstruction project.

Appears in 1 contract

Sources: Mitigation and Construction Agreement

Performance Bond. A bond in an amount at least equal to one hundred percent (100%) of Guaranteed Maximum Contract Price as security for faithful performance of the Contract DocumentsContract.

Appears in 1 contract

Sources: Construction Agreement (Design Bid Build)