Agreement Bond Certification Forms for Design-Build
The Agreement Bonds Certification Forms for Design-Build app will provide details of the finalized agreement between the Trustees and the design-build architect.
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The agreement will be made with the state and the Board of Trustees and the winning contractor. The contract will provide full details about the project, the contractor, and the approved sum to paid to the contractor for the project. The percentage of DVBE subcontractors used for work by the contractor 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 included will be signed by the contractor, trustees, facility planner, the budget officer, and General Counsel. The payment bond with the agreed upon amount that the contractor will provide to the trustees as part of the agreement will also be included. The agreement will also include the performance bond guaranteeing that the contractor faithfully performs the agreed upon project construction. Certification of all pages of the agreement will also be included.
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