Standard surety labour and material payment bond form guaranteeing that the Contractor will satisfy all labour and material payment obligations incurred in performing the contract.

Standard surety labour and material payment bond form guaranteeing that the Contractor will satisfy all labour and material payment obligations incurred in performing the contract. ‘Bond Forms’ have been updated to incorporate the Ready-for-Takeover project milestone and introduce further clarity, collaboration, and responsiveness on the part of the surety.