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12 Notice to the Surety,the Owner or the Contractor shall 14.2 Construction Contract.The agreement between <br /> be mailed or delivered to the address shown on the page the Owner and Contractor identified on the cover page, <br /> on which their signature appears. including all Contract Documents and changes made to <br /> 13 When this Bond has been furnished to comply with a the agreement and the Contract Documents. <br /> statutory or other legal requirement in the location where 14.3 Contractor Default. Failure of the Contractor, <br /> the construction was to be performed,any provision in this which has not been remedied or waived,to perform or <br /> Bond conflicting with said statutory or legal requirement otherwise to comply with a material term of the <br /> shall be deemed deleted herefrom and ,provisions Construction Contract. <br /> conforming to such statutory or other legal requirement <br /> 14.4 Owner Default. Failure of the Owner,which has <br /> shall be deemed incorporated herein.When so furnished, not been remedied or waived,to pay the Contractor as <br /> the intent is that this Bond shall be construed as a required under the Construction Contract or to perform <br /> statutory bond and not as a common law bond. and complete or comply with the other material terms of <br /> 14 Definitions the Construction Contract. <br /> 14.1 Balance of the Contract Price. The total 14.5 Contract Documents. All the documents that <br /> amount payable by the Owner to the Contractor under comprise the agreement between the Owner and <br /> the Construction Contract after all proper adjustments Contractor. <br /> have been made, including allowance to the 15 If this Bond is issued for an agreement between a <br /> Contractor of any amounts received or to be received Contractor and subcontractor, the term Contractor in this <br /> by the Owner in settlement of insurance or other Bond shall be deemed to be Subcontractor and the term <br /> claims for damages to which the Contractor is entitled, Owner shall be deemed to be Contractor. <br /> reduced by all valid and proper payments made to or <br /> on behalf of the Contractor under the Construction 16 Modifications to this bond are as follows: <br /> Contract. <br /> (Space is provided below for additional signatures of added parties,other than those appearing on the cover page.) <br /> CONTRACTOR AS PRINCIPAL SURETY <br /> Company: (Corporate SeaO Company: (Corporate Seal) <br /> Signature: Signature: <br /> Name and Title: Name and Title: <br /> Address: Address: <br /> The Company executing this bond vouches that this document conforms to American Institute of Architects Document A312-2010 Edition <br /> GAIC Perf A312(10/10) 3 <br />