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Performance Bonds: The contractor's abandonment or other non-performance of a government job may cause critical delays and added expense in the government procurement process. The bonding process helps weed out irresponsible contractors while the bond itself defrays the government's cost of substitute performance.
Construction of the Pentagon, 1942.. The Miller Act (ch. 642, Sec. 1-3, 49 stat. 793,794, codified as amended in Title 40 of the United States Code) [1] requires prime contractors on some government construction contracts to post bonds guaranteeing both the performance of their contractual duties and the payment of their subcontractors and material suppliers.
Texas has three types of state holidays: those on which all state offices are closed, and "partial staffing" and "optional" holidays on which offices are open but with reduced staffing. The following days are full holidays where all state offices are closed: All federal holidays except Columbus Day.
Texas portal This is a collection of articles about public holidays observed only, or primarily, by the U.S. State of Texas . For more widely celebrated holidays, see Category:Federal holidays in the United States .
Below is the schedule for 2025 stock market holidays when the NYSE, Nasdaq and bond markets are closed: Wednesday, Jan. 1, 2025 — New Year’s Day Monday, Jan. 20, 2025 — Martin Luther King Jr ...
A payment bond is a surety bond posted by a contractor to guarantee that its subcontractors and material suppliers on the project will be paid. [1] They are required in contracts over $35,000 with the Federal Government and must be 100% of the contract value. [2] They are often required in conjunction with performance bonds.
Social Security’s new 3.2% cost-of-living adjustment, which was approved in October, doesn’t officially kick in until 2024, but some beneficiaries will get the higher payments early.For that ...
Nov. 17—AUSTIN — Texas State Parks is kicking off the holiday season with close to 100 special seasonal activities happening across the state. Starting this month, visitors of all ages can ...
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