An Evening of Classic Broadway - An Evening of Classic Broadway returns to Rockwell Table and Stage in Los Feliz for its 10th performance on Monday, September 28th at 8PM (doors open at 6:30.) $10, $15, $20 cover + 2-item food/beverage minimum.
Payment bond definition: A payment bond is a surety bond issued to contractors that guarantees that the contractor will pay their subcontractors, material suppliers, and laborers in a timely fashion. Payment bonds are usually obtained by contractors or subcontractors prior to the commencement of a construction project.
A payment bond is required on many construction projects. In the construction industry, the payment bond is usually issued along with the performance bond. The payment bond forms a three-way contract between the Owner, the contractor and the surety, to make sure that all sub-contractors, laborers, and material suppliers will be paid leaving the project lien free. A Payment Only Bond is rarely requested and is billed usually at about 50% of the regular premium.