construction bond

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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.
References in periodicals archive ?
But the government should define the fields for which the proceeds from construction bonds can be used, he said.
Among them are Measure M, a construction bond for College of the Canyons, and a congressional race.
It is not a bad idea to flexibly use proceeds from construction bond issuance to diversify into items related to future-oriented projects,'' Sakaiya told a news conference.
2 billion Proposition A/AA construction bond money stretch as far as it possibly can by completing projects with state and private dollars.
The security for the school facilities construction bonds consists of state payments, subject to appropriation, made pursuant to a contract between the state treasurer and the authority.
SIMI VALLEY - Simi Valley Unified appropriately spent the first $11 million of the $145 million construction bond approved by voters two years ago, an auditor's report shows.
The high school district is placing a $177 million school construction bond measure on the June ballot that, if approved by voters, would annually cost property owners about $30 per $100,000 assessed valuation.
He is a member of the AVC Citizens Oversight Committee for its construction bond spending and serves on the board of directors for the Southern California Chrysler-Jeep Dealers Association.
SAN FRANCISCO -- URS Corporation (NYSE: URS) today announced that the Los Angeles Unified School District (LAUSD) has extended its contract with the joint venture of 3D/International and URS to provide professional services for LAUSD's school repair and construction bond program.
PALMDALE - The Palmdale School District might join the ranks of Antelope Valley school districts that are considering or have already decided to place school construction bond measures before voters this year.
If a bond is pursued, the district would attempt to pass a school construction bond measure under Proposition 39, which would require approval by 55 percent, rather than two-thirds, of the voters and would cap taxes at $30 per $100,000 assessed valuation.
Recently a political stalwart in the nation, Shinzo Abe, said he would consider making the Bank of Japan purchase construction bonds directly from the government if his Liberal Democratic Party wins December's Lower House election and he becomes prime minister.

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