Agreement Bond Certification Forms Minor Design Bid-Build Mobile App
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The Agreement Bonds of Certification Forms Minor Design Bid-Build app will provide the details for the agreement between the Trustees and the winning contractor for the construction project.
How does it work?
The agreement will be made with the state and the Board of Trustees and the contractor chosen for the project. The agreement will provide full details about the project, the contractor, and the full approved sum to paid to the contractor for the project. The percentage agreed to by the contractor to subcontract out to Disabled Veteran Business Enterprises and the amount of the fine to be paid back to the Trustees in the event that the project is not finished by the predetermined finish date will also be noted.
The full agreement with all details about the project, contractor, and sum totals will be signed by the contractor, trustees, facility planner, the budget officer, and General Counsel. The agreement will also include the payment bond with the agreed upon amount that the contractor will provide to the trustees. The performance bond will also be agreed upon guaranteeing that the contractor faithfully performs the agreed upon project construction. Certification of all pages of the agreement will also be included.