Payment Bond Manual

Payment Bond Manual

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The Federal Acquisition Regulation shall provide alternatives to payment bonds as payment protections for suppliers of labor and ... letter of credit as one of the selected alternatives: (i) a payment bond; (ii) an irrevocable letter of credit (ILC); ( iii) a tripartite escrow agreement. ... The escrow agreement shall establish the terms of payment under the contract and of resolution of disputes among the parties.

Title:Payment Bond Manual
Author:Wayne D. Lambert, Todd R. Braggins, J. Blake Wilcox
Publisher:American Bar Association - 2006-01-01


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