A312 PERFORMANCE BOND AND PAYMENT BOND FORM, 1984
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A312 PERFORMANCE BOND AND PAYMENT BOND FORM, 1984 |
This form incorporates two bonds covering first, the contractor's performance, and second, the contractor's obligations to pay Subcontractors and others for materials and labor. In addition, the A312™ obligates the surety to act responsively to the owner's requests for discussions aimed at anticipating or preventing a contractor's default. |
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