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AIA® Forms - A312

Performance Bond and Payment Bond

The AIA® A312™-2010 Performance Bond and Payment Bond incorporates two bonds - one that covers the contractor's performance, and another that covers the contractor's requirement to pay subcontractors and others (such as material suppliers) for material and labor.

In addition, the AIA Document A312™-2010 requires the surety to respond to the owner's requests for discussions in regards to anticipating or preventing a contractor's default.