Common use of Performance Bonds Clause in Contracts

Performance Bonds. (Standard Form 25). The penal amount of performance bonds at the time of contract award shall be 100 percent of the original contract price.

Appears in 5 contracts

Sources: Contract, Contract, Contract

Performance Bonds. (Standard Form 25). The penal amount of performance bonds at the time of contract award shall be 100 percent of the original contract price.

Appears in 2 contracts

Sources: Contract for Services, Design Build Contract