Parks and park engineering . THE PAYMENTS 85 EXECUTION OF THE CONTRACT The bidder to whom the contract is awarded is requiredto execute the agreement within a specified time. To dothis he must affix his signature to the contract form in whichall of the prices have been entered by the clerk of the agreement is secured by individual bonds or a suretycompany bond, which constitutes a part of the mentioned before, a surety company usually requiresa contractor to take out liability insurance before it exe-cutes the contract bond. After the contract is signed andthe bond duly e
Parks and park engineering . THE PAYMENTS 85 EXECUTION OF THE CONTRACT The bidder to whom the contract is awarded is requiredto execute the agreement within a specified time. To dothis he must affix his signature to the contract form in whichall of the prices have been entered by the clerk of the agreement is secured by individual bonds or a suretycompany bond, which constitutes a part of the mentioned before, a surety company usually requiresa contractor to take out liability insurance before it exe-cutes the contract bond. After the contract is signed andthe bond duly executed all of the proposals together withthe accompanying bonds become at once void. STARTING THE WORK Active operations must be begun within a specifiednumber of days, which is frequently ten. THE PAYMENTS Monthly Estimates. At the end of each month it iscustomary in many contracts to make a payment, but notin the whole amount of the work done. Sometimes 10per cent is retained and sometimes 25. It is not nec-essary for the
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Keywords: ., bookcentury1900, bookdecade1910, bookpublishere, booksubjectparks
