Common use of Performance, Payment, and Other Bonds Clause in Contracts

Performance, Payment, and Other Bonds. SC-6.01 Amend the first sentence of Paragraph 6. 01. A to read as follows: If the Contract Price exceeds Fifty Thousand Dollars, Contractor shall deliver to the County both a labor and materials payment bond and a performance bond securing the performance of the Work and Contractor’s payment therefor (§§▇▇-▇▇-▇▇▇, 106, CRS).

Appears in 1 contract

Sources: Construction Contract

Performance, Payment, and Other Bonds. SC-6.01 Amend the first sentence of Paragraph 6. 01. A to read as follows: If the Contract Price exceeds Fifty Thousand Dollars, Contractor shall deliver to the County both a labor and materials payment bond and a performance bond securing the performance of the Work and Contractor’s payment therefor (§§▇▇-▇▇-▇▇▇, 106, CRS).. SC-6.01 Add the following paragraphs immediately after Paragraph 6.01.A:

Appears in 1 contract

Sources: Construction Contract