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The instructions state that performance and payment bonds are required. Where does AIA A701 address that requirement?

Correct Answer

A) Performance Bond and Payment Bond requirements in the Instructions to Bidders

A701 includes requirements for performance and payment bonds in the bidding instructions.

Answer Options
A
Performance Bond and Payment Bond requirements in the Instructions to Bidders
B
Only the final punch list after occupancy, with no performance or payment bond requirement
C
Only the monthly pay application form, not the bidding instruction bond provision
D
Only the shop drawing transmittal log

Why This Is the Correct Answer

A701 includes requirements for performance and payment bonds in the bidding instructions.

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