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Agenda Packet
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07-28-2025
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Agenda Packet
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Contract or to related subcontracts, purchase orders, and other <br />6. The total amount earned by the Claimant for <br />obligations <br />labor, materials, or equipment furnished as of <br />the date of the Claim; <br />12. <br />No suit or action shall be commenced by a Claimant under <br />7. The total amount of previous payments <br />this Bond other than in a court of competent jurisdiction in <br />received by the Claimant; and <br />the state in which the project that is the subject of the <br />8. The total amount due and unpaid to the <br />Construction Contract is located or after the expiration of <br />Claimant for labor, materials, or equipment <br />one year from the date (1) on which the Claimant sent a <br />furnished as of the date of the Claim. <br />Claim to the Surety pursuant to Paragraph 5.1.2 or 5.2, or (2) <br />on which the last labor or service was performed by anyone <br />16.2 Claimant: An individual or entity having a direct <br />or the last materials or equipment were furnished by anyone <br />contract with the Contractor or with a subcontractor <br />under the Construction Contract, whichever of (1) or (2) first <br />of the Contractor to furnish labor, materials, or <br />occurs. If the provisions of this paragraph are void or <br />equipment for use in the performance of the <br />prohibited by law, the minimum period of limitation <br />Construction Contract. The term Claimant also <br />available to sureties as a defense in the jurisdiction of the <br />includes any individual or entity that has rightfully <br />suit shall be applicable. <br />asserted a claim under an applicable mechanic's lien <br />or similar statute against the real property upon <br />13. <br />Notice and Claims to the Surety, the Owner, or the <br />which the Project is located. The intent of this Bond <br />Contractor shall be mailed or delivered to the address <br />shall be to include without limitation in the terms of <br />shown on the page on which their signature appears. Actual <br />"labor, materials, or equipment" that part of the <br />receipt of notice or Claims, however accomplished, shall be <br />water, gas, power, light, heat, oil, gasoline, <br />sufficient compliance as of the date received. <br />telephone service, or rental equipment used in the <br />Construction Contract, architectural and engineering <br />14. <br />When this Bond has been furnished to comply with a <br />services required for performance of the work of the <br />statutory or other legal requirement in the location where <br />Contractor and the Contractor's subcontractors, and <br />the construction was to be performed, any provision in this <br />all other items for which a mechanic's lien may be <br />Bond conflicting with said statutory or legal requirement <br />asserted in the jurisdiction where the labor, <br />shall be deemed deleted herefrom and provisions <br />materials, or equipment were furnished. <br />conforming to such statutory or other legal requirement <br />shall be deemed incorporated herein. When so furnished, <br />16.3 Construction Contract: The agreement between the <br />the intent is that this Bond shall be construed as a statutory <br />Owner and Contractor identified on the cover page, <br />bond and not as a common law bond. <br />including all Contract Documents and all changes <br />made to the agreement and the Contract <br />15. <br />Upon requests by any person or entity appearing to be a <br />Documents. <br />potential beneficiary of this Bond, the Contractor and <br />Owner shall promptly furnish a copy of this Bond or shall <br />16.4 Owner Default: Failure of the Owner, which has not <br />permit a copy to be made. <br />been remedied or waived, to pay the Contractor as <br />required under the Construction Contract or to <br />16. <br />Definitions <br />perform and complete or comply with the other <br />material terms of the Construction Contract. <br />16.1 Claim: A written statement by the Claimant including <br />at a minimum: <br />1. The name of the Claimant; <br />2. The name of the person for whom the labor was <br />done, or materials or equipment furnished; <br />3. A copy of the agreement or purchase order <br />pursuant to which labor, materials, or <br />equipment was furnished for use in the <br />performance of the Construction Contract; <br />4. A brief description of the labor, materials, or <br />equipment furnished; <br />5. The date on which the Claimant last performed <br />labor or last furnished materials or equipment <br />for use in the performance of the Construction <br />Contract; <br />9 <br />16.5 Contract Documents: All the documents that <br />comprise the agreement between the Owner and <br />Contractor. <br />17. If this Bond is issued for an agreement between a contractor <br />and subcontractor, the term Contractor in this Bond shall be <br />deemed to be Subcontractor and the term Owner shall be <br />deemed to be Contractor. <br />18. Modifications to this Bond are as follows: <br />
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