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Performance Bond (Minor and Major)

Also known as a surety bond; issued by an insurance company to guarantee satisfactory completion of the Minor or Major project by the Contractor.

Original Document

Who originates it?:
General Contractor
Notes:
Contractor obtains AIA Document A312 form from the Bonding Company.

Final Document Placement

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

 

Detailed Workflow

The Contractor will submit the Performance 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 Performance Bond along with the Contract to the MSU Purchasing Office.