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You are here:  Homepage  >  bond - performance  >  performance bond

Performance bond

Please find below a selection of relevant articles from AEC companies and organizations for performance bond.

Surety Bond Solutions Agency - Surety 101
...bonds on federal construction projects is known as the Miller Act (40 U.S.C. Section 270a to 270f). This law requires a contractor on a federal project to post two bonds: a performance bond and a labor and material payment bond. Most states in the U.S. have adapted the Miller Act for use at the state level. These state statutes are known as Little Miller Acts. See #1.



Aeration Industries
...numbers, and addresses of the qualified installations. D. Pre-approved equipment Manufacturers not meeting the requirement in 2.1C are invited to bid, provided they furnish a Performance Bond underwritten by a bonding agent acceptable to the Owner for a period of five years.  Equipment and/or components failing within this period due to deficiency... See #2.

Surety Bond Solutions Agency -SBA Surety Guarantee Program
...loss in the event the contractor should breach the terms of the contract. The four types of contract bonds that may be covered by an SBA guarantee are: Bid Bond, Payment Bond, Performance Bond, and Ancillary Bonds (which are incidental and essential to the performance of the contract). The SBA reimburses a participating surety (within specified... See #3.

E/One Sewer Systems: Grinder Pump Specifications
...herein that have been in operation for at least 10 years. In lieu of this experience clause, the contractor (supplier) of alternate equipment will be required to submit a 5-year performance bond for 100 percent of the stipulated cost of the equipment as bid and as shown in the Bid Schedule. This performance bond will be used to guarantee the... See #4.

Engineering Specifications -- Baltimore Aircoil Company Low Profile Series V Cooling Towers
...CTI Acceptance Test Code ATC-105, by the Cooling Technology Institute or other qualified independent third party testing agency. A manufacturer’s performance guarantee or performance bond without CTI Certification or independent field thermal performance test shall not be accepted. 1.3 Corrosion Resistant Construction: Unless otherwise... See #5.



1: http://sbsagency.com [c991880]
2: http://www.aireo2.com [c975165]
3: http://www.sbsagency.com [c1188311]
4: http://www.eone.com [c1139997]
5: http://www.baltimoreaircoil.com [c1292827]

 

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