Where should owner-provided performance and payment bonds be specified?

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Multiple Choice

Where should owner-provided performance and payment bonds be specified?

Explanation:
Tailoring bond requirements to reflect owner-provided bonds is done in the Supplementary Conditions. This section is used to add project-specific terms that modify the standard contract language. When the owner will supply the performance and payment bonds, the Supplementary Conditions should spell out who furnishes the bonds, the bond amounts, the forms of bonds, and any conditions for release. The General Conditions establish the baseline expectations (including that bonds are typically required), but they are not the place to detail this particular arrangement; that is the role of the Supplementary Conditions. Procurement forms or contracting forms are not intended for specifying bond responsibilities; those sections handle forms and administrative processes rather than the contractual arrangement about bonds.

Tailoring bond requirements to reflect owner-provided bonds is done in the Supplementary Conditions. This section is used to add project-specific terms that modify the standard contract language. When the owner will supply the performance and payment bonds, the Supplementary Conditions should spell out who furnishes the bonds, the bond amounts, the forms of bonds, and any conditions for release. The General Conditions establish the baseline expectations (including that bonds are typically required), but they are not the place to detail this particular arrangement; that is the role of the Supplementary Conditions. Procurement forms or contracting forms are not intended for specifying bond responsibilities; those sections handle forms and administrative processes rather than the contractual arrangement about bonds.

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