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Este documento es un bono de pago que garantiza el cumplimiento de las obligaciones contractuales del Principal hacia el Estado de Oregón y la Junta Estatal de Educación Superior de Oregón. Establece
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How to fill out OREGON UNIVERSITY SYSTEM STANDARD PUBLIC IMPROVEMENT CONTRACT PAYMENT BOND
01
Obtain the OREGON UNIVERSITY SYSTEM STANDARD PUBLIC IMPROVEMENT CONTRACT PAYMENT BOND form.
02
Fill in the name and address of the contractor.
03
Provide the project name and location.
04
Enter the bond amount, which is typically determined by the total contract value.
05
Include the name and address of the surety company providing the bond.
06
Ensure that the bond is signed by an authorized representative of the surety.
07
Attach any necessary documentation, such as contract details and identification numbers.
08
Submit the completed bond to the appropriate university or governing authority.
Who needs OREGON UNIVERSITY SYSTEM STANDARD PUBLIC IMPROVEMENT CONTRACT PAYMENT BOND?
01
Contractors working on public improvement projects for the Oregon University System.
02
Businesses seeking to secure financial backing to guarantee payment to subcontractors and suppliers.
03
Surety companies providing bonds to contractors in compliance with state requirements.
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What is OREGON UNIVERSITY SYSTEM STANDARD PUBLIC IMPROVEMENT CONTRACT PAYMENT BOND?
The Oregon University System Standard Public Improvement Contract Payment Bond is a financial guarantee that ensures payment for labor and materials used in public improvement projects undertaken by the Oregon University System.
Who is required to file OREGON UNIVERSITY SYSTEM STANDARD PUBLIC IMPROVEMENT CONTRACT PAYMENT BOND?
Contractors working on public improvement projects for the Oregon University System are required to file the Oregon University System Standard Public Improvement Contract Payment Bond.
How to fill out OREGON UNIVERSITY SYSTEM STANDARD PUBLIC IMPROVEMENT CONTRACT PAYMENT BOND?
To fill out the Oregon University System Standard Public Improvement Contract Payment Bond, the contractor must provide details such as the project name, project number, contractor's name, bond amount, and signatures of the parties involved to ensure the bond's validity.
What is the purpose of OREGON UNIVERSITY SYSTEM STANDARD PUBLIC IMPROVEMENT CONTRACT PAYMENT BOND?
The purpose of the Oregon University System Standard Public Improvement Contract Payment Bond is to protect subcontractors and suppliers by ensuring they receive payment for their contributions to the project, thereby fostering financial responsibility within public improvement projects.
What information must be reported on OREGON UNIVERSITY SYSTEM STANDARD PUBLIC IMPROVEMENT CONTRACT PAYMENT BOND?
The information that must be reported on the Oregon University System Standard Public Improvement Contract Payment Bond includes the name of the contractor, the bond amount, the project description, the date of the bond, and the signatures of the bonding company and the contractor.
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