Payment Bond

GPTKB entity

Statements (23)
Predicate Object
gptkbp:instanceOf Surety Bond
gptkbp:benefit Unpaid Subcontractors
Unpaid Suppliers
gptkbp:claimProcess Legal Action if Unpaid
Notice to Surety
gptkbp:duration Until All Payments Made
gptkbp:guarantees Contractor Pays for Labor
Contractor Pays for Materials
Payment to Subcontractors
Payment to Suppliers
https://www.w3.org/2000/01/rdf-schema#label Payment Bond
gptkbp:issuedBy gptkb:Surety_Company
gptkbp:protectedBy Suppliers
Subcontractors
gptkbp:regulates Little Miller Acts (US States)
Miller Act (US)
gptkbp:relatedTo gptkb:Performance_Bond
gptkbp:requires Government Contracts
Project Owner
Work Commences
gptkbp:usedIn Construction Projects
gptkbp:bfsParent gptkb:Bid_Bond
gptkbp:bfsLayer 7