Completion Bond definition
Examples of Completion Bond in a sentence
The City and SPS shall each be identified as obligees on the Completion Bond (by way of a dual obligee rider or otherwise).
As a condition of the conveyance of the above-described property (“Property”), the Buyer shall obtain and deliver to the City of Watertown, prior to the execution of the deed by WDC as Seller to Buyer, a Performance and Completion Bond in the amount of Three Hundred Thousand Dollars ($300,000) issued by a surety licensed to do business in the State of South Dakota.
The Completion Bond shall be executed on a form approved by the Director.
The Completion Bond shall be issued by a surety company admitted and licensed in the State of Washington and possessing an A.M. Best’s policyholder’s rating of A or better and a financial rating of no less than VIII.