Project Contract definition
Examples of Project Contract in a sentence
In the event of any change order resulting in the performance of additional work in connection with a Project Contract, the amount of such bond shall be increased by an amount at least equal to the cost of such additional work or materials or fixtures to be incorporated in the Leased Property.
Each contractor entering into a Project Contract for the Project shall be required to procure and maintain, at its own cost and expense, worker’s compensation insurance during the term of its Project Contract, covering its employees working thereunder.
Each contractor entering into a Project Contract for the Project shall be required to furnish a performance bond and a separate labor and material payment bond on forms acceptable to the County, copies of which shall be provided to the County and the Trustee.
Each Project Contract relating to the Project shall also provide that each subcontractor of any contractor who is a party to such Project Contract shall be required to furnish similar worker’s compensation insurance.
The general contractor for any Project Contract for the Project shall be required to procure and maintain, at its own cost and expense, during the term of the applicable Project Contract standard, all risk of loss builder’s risk completed value insurance upon the Project.