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Payment Bond (Minor and Major)

A Bond guarantees the Contractor will pay fees owed for all labor and materials necessary for construction of a Minor or Major project.

Original Document

Who originates it?:
General Contractor
Notes:
Contractor obtains the Payment Bond from a Bonding Company.

Final Document Placement

Who is responsible?:
Other
Location:
Unifier Business Process
Notes:
CPA attaches the Payment Bond to the appropriate Purchase order process in Unifier.

 

Detailed Workflow

The Contractor will submit the Payment Bond to the Contract Administrator with the CPA Office, who will attach it to the appropriate Purchase Order process in Unifier.   The Contract Administrator will distribute the Payment Bond along with the Contract to the MSU Purchasing Office.