f. Contract approval
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f. Contract approval
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<br />Bond shall be construed as a statutory bond and not as a <br />common law bond. <br /> <br />14. Upon request by any person or entity appearing to be a <br />potential beneficiary of this Bond, the Contractor shall <br />promptly furnish a copy of this Bond or shall permit a copy <br />to be made. <br /> <br />15. DEFINITIONS <br /> <br />15.1 Claimant: An individual or entity having a direct <br />contract with the Contractor or with a subcontractor of <br />the Contractor to furnish labor, materials or equip- <br />ment for use in the performance of the Contract. The <br />intent of this Bond shall be to include without limita- <br />tion in the terms "labor, materials or equipment" that <br />part of water, gas, power, light, heat, oil, gasoline, <br />telephone service or rental equipment used in the <br /> <br />MODIFICATIONS TO THIS BOND ARE AS FOLLOWS: <br /> <br />None <br /> <br />Construction Contract, architectural and engineering <br />services required for performance of the work of the <br />Contractor and the Contractor's subcontractors, and <br />all other items for which a mechanic's lien may be <br />asserted in the jurisdiction where the labor, materials <br />or equipment were furnished. <br /> <br />15.2 Construction Contract: The agreement between <br />the Owner and the Contractor identified on the sig- <br />nature page, including all Contract Documents and <br />changes thereto. <br /> <br />15.3 Owner Default: Failure of the Owner, which has <br />neither been remedied nor waived, to pay the Con- <br />tractor as required by the Construction Contract or to <br />perform and complete or comply with the other terms <br />thereof. <br /> <br />(Space is provided below for additional signatures of added parties, other than those appearing on the cover page.) <br /> <br />CONTRACTOR AS PRINCIPAL <br />Company: <br /> <br />(Corporate Seal) <br /> <br />Signature: <br />Name and Title: <br />Address: <br /> <br />SURETY <br />Company: <br /> <br />(Corporate Seal) <br /> <br />Signature: <br />Name and Title: <br />Address: <br /> <br />AlA DOCUMENT A312 PERFORMANCE BOND AND PAYMENT BONO DECEMBER 1984 ED. AJA@ <br />THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVE., N.W., WASHINGTON, D.C. 20006 <br />THIRD PRINTING. MARCH 1987 <br /> <br />A312-1984 6 <br />
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