C-615 – Payment Bond

$160.00

Payment Bond

 

The Payment Bond is the document in which the Construction Manager at Risk and its surety commit to making payment to Subcontractors and Suppliers for labor, materials, and equipment provided to CMAR for the benefit of the Project and Owner. This bond form sets forth the obligations of the surety to the Owner in the event CMAR fails to pay a Subcontractor or Supplier.

 

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