№ files_lp_3_process_7_076558
Standardized surety bond form establishing the obligations of a subgrantee and its surety to the Oregon Broadband Office for completion of broadband infrastructure projects under the BEAD subgrant agreement.
Program: Oregon Broadband Equity, Access, and Deployment (BEAD) Program
Administering Authority: Oregon Broadband Office (OBDD)
Obligee: Oregon Broadband Office (OBDD)
Principal: BEAD Subgrantee
Surety: Authorized Financial Institution in the State of Oregon
Type of Document: Performance Bond Form (Single Obligee)
Purpose: Security for Infrastructure Build-Out Obligations under BEAD Subgrant Agreement
Legal Basis: BEAD Notice of Funding Opportunity (NOFO) and Oregon Initial Proposals
Coverage Scope: Infrastructure Build-Out Portion of Subgrantee Agreement
Bond Amount: Up to 100% of Subaward or as Otherwise Structured per OBDD Options
Liability Limit: Maximum Penal Sum Stated in the Bond
Dispute Jurisdiction: United States District Court for the District of Oregon
Limitation Period for Claims: One Year After Principal’s Default
Amendment Provision: Automatic Reduction of Penal Sum upon Completion Milestones
Execution Date: To Be Inserted upon Signing
Price: 8 / 10 USD
The file will be delivered to the email address provided at checkout within 12 hours.

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