construction bond

Also found in: Dictionary, Thesaurus, Financial.
Related to construction bond: performance bond, Contract Bonds

completion bond, construction bond, contract bond

The guarantee of a bonding company that a contractor will perform and deliver the work contracted for free of all encumbrances and liens.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.
References in periodicals archive ?
The issues for the District Court to decide on appeal in VCW Enterprises were (1) whether the general contractor's payment of the pre-petition joint check in the amount of $6,827.58 to United enabled United to receive more than it would have recovered in a hypothetical Chapter 7 liquidation of VCW Enterprises in light of United's potential full recovery from a construction bond or United's assertion of mechanic's lien rights on real property owned by a non-debtor; and (2) whether the joint check payment was subject to the ordinary course of business defense because it was consistent with the ordinary course of business of VCW and United and/or was made according to ordinary business terms.
The findings of the court are equally applicable to an action involving a private construction bond.
Local voters approved the Shoreham-Wading River Central School District's (SWRCSD) $33.5 million construction bond issue for a $48.5 million infrastructure improvements and renovations program.
It makes changes to the Construction Lien Law, and to the State public construction bond statute, F.S.
Dan Jung, senior director of Portland Public Schools Office of School Modernization ($790 million health, safety and modernization bond passed in May 2017) Adam Stewart, chief financial officer and capital projectsofficer,HillsboroSchool District ($40 million capital construction bond passed in November 2017) Linda Degman, bond director, Portland Community College ($15 million workforce training center bond passed in November 2017) Panelists will discuss the types of work they expect will be available, how to find more information on specific projects, what is required of firms to qualify for work on these projects and best practices to obtain and successfully complete education construction work.
The council is considering a construction bond and an operating levy, which require voter approval because they raise property taxes.
A portion ($25 million) of the current new money issuance will permanently finance in outstanding Qualified School Construction Bond Anticipation Notes (QSCBs) issued in 2011 and maturing in May 2016.
Voters approved the Plainview-Old Bethpage Central School District's $49.8 million construction bond issue for infrastructure improvements and renovations.
GARDNER - As officials try to close a budget gap without layoffs, most city councilors want to ask the library trustees to reimburse the city $150,000 for the library's annual construction bond.
Just 18 months after an unsuccessful $75 million school construction bond issue for a third high school, voters approved funding additions and renovations that eliminated 32 portable classrooms.
Unofficial final returns showed the Pleasant Hill School District's $17.95 million construction bond request passing by a 19-vote margin, with 1,121 "yes" compared to 1,102 "no." With just a handful of ballots remaining to be counted, incumbent West Lane County Commissioner Jay Bozievich had a slender 45-vote lead over challenger Dawn Lesley, with 7,412 votes to Lesley's 7,367.
It asks voters to approve a $6 million construction bond sale to pay for life-safety improvements at Gavin Central Elementary and Gavin South Middle schools.

Full browser ?