two shall be binding. Such decision shall be a condition precedent to any right of legal action, and wherever permitted by law it may be filed in Court to carry it into effect. The arbitrators, if they deem that the case demands it, are authorized to award to the party whose contention is sustained such sums as they shall deem proper for the time, expense and trouble incident to the appeal and, if the appeal was taken without reasonable cause, damages for delay. The arbitrators shall fix their own compensation, unless otherwise provided by agreement, and shall assess the costs and charges of the arbitration upon either or both parties. The award of the arbitrators must be in writing and, if in writing, it shall not be open to objection on account of the form of the proceedings or the award, unless otherwise provided by the laws of the State in which the work is to be erected. In the event of such laws providing on any matter covered by this article otherwise than as hereinbefore specified, the method of procedure throughout and the legal effect of the award shall be wholly in accordance with the said State laws, it being intended hereby to lay down a principle of action to be followed, leaving its local application to be adapted to the legal requirements of the place in which the work is to be erected. [PAGE 9] No. 369. The standard form of bond for use in connection with the third edition of the standard form of agreement and general conditions of the contract.3 This form has been approved by the National Asso- Adopted by the American Institute of Architects, and reprinted by its permission. Copyright, 1915, by the American Institute of Architects, The Octagon, Washington, D. C. KNOW ALL MEN: That we.... (Here insert the name and address or legal title of the Contractor.) hereinafter called the Principal, and... (Here insert the name and address or legal title of one or more sureties.) .and ..and hereinafter called the Surety or Sureties, are held and firmly bound unto (Here insert the name and address or legal title of the Owner.) hereinafter called the Owner, in the sum of ($. .) for the payment whereof the Principal and the Surety or Sureties bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, firmly, by these presents. WHEREAS, the Principal has, by means of a written Agreement, dated.. ..entered into a contract with the Owner for a copy of which Agreement is by reference made a part hereof; Now, therefore, the Condition of this Obligation is such that if the Principal shall faithfully perform the Contract on his part, and satisfy all claims and demands, incurred for the same, and shall fully indemnify and save harmless the Owner from all cost and damage which he may suffer by reason of failure so to do, and shall fully reimburse and repay the Owner all outlay and expense which the Owner may incur in making good any such default, and shall pay all persons who have contracts directly with the Principal for labor or materials, then this obligation shall be null and void; otherwise it shall remain in full force and effect. ......... PROVIDED, however, that no suit, action or proceeding by reason of any default whatever shall be brought on this Bond after.. months from the day on which the final payment under the Contract falls due. AND PROVIDED, that any alterations which may be made in the terms of the Contract, or in the work to be done under it, or the giving by the Owner of any extension of time for the performance of the Contract, or any other forbearance on the part of either the Owner or the Principal to the other shall not in any way release the Principal and the Surety or Sureties, or either or any of them, their heirs, executors, administrators, successors or assigns from their liability hereunder, notice to the Surety or Sureties of any such alteration, extension or forbearance being hereby waived. Signed and Sealed this....... In Presence of ..day of........ .19.... • (SEAL) The standard form of agreement between contractor and subcontractor for use in connection with the third edition of the standard form of agreement and general conditions of the contract.* This form has been approved by the National Asso- Adopted by the American Institute of Architects, and reprinted by its permission. Sheet Metal Contractors of the United States, the Copyright 1915 by the American Institute of Architects, The Octagon, Washington, D. C. WITNESSETH, That the Subcontractor and Contractor for the considerations hereinafter named agree as follows: Section 1. The Subcontractor agrees to furnish all material and perform all work as described in Section 2 hereof for name the kind of building.) for (Here insert the name of the Owner.) (Here hereinafter called the Owner, at (Here insert the location of the work.) in accordance with the General Conditions of the Contract between the Owner and the Contractor, and in accordance with the Drawings and the Specifications prepared by hereinafter called the Architect, all of which General Conditions, Drawings and Specifications signed by the parties thereto or identified by the Architect, form a part of a Contract between the Contractor and the Owner dated 19 and hereby become a part of this Contract. Section 2. The Subcontractor and the Contractor agree that the materials to be furnished and work to be done by the Subcontractor are (Here insert a precise description of the work, preferably by refer ence to the numbers of the Drawings and the pages of the Specifications.) Section 3. The Subcontractor agrees to complete the several portions and the whole of the work herein sublet by the time or times following: (Here insert the date or dates and if there be liquidated damages state them.) Section 4. The Contractor agrees to pay the Subcontractor for the performance of his work the sum of ($ in current funds, subject to additions and deductions for changes as may be agreed upon, and to make payments on account thereof in accordance with Section 5 hereof. Section 5. The Contractor and Subcontractor agree to be bound by the terms of the General Conditions, Drawings and Specifications as far as applicable to this subcontract, and also by the following provisions: The Subcontractor agrees: (a) To be bound to the Contractor by the terms of the General Conditions, Drawings and Specifications, and to assume toward him all the obligations and responsibilities that he, by those documents, assumes toward the Owner. (b) To submit to the Contractor applications for payment in such reasonable time as to enable the Contractor to apply for payment under his contract. (c) To make all claims for extras, for extensions of time and for damages for delays or otherwise, to the Contractor in the manner provided in the General Conditions for like claims by the Contractor upon the Owner, except that the time for making claims for extra cost is one week. The Contractor agrees: (d) To be bound to the Subcontractor by all the obligations that the Owner assumes to the Contractor under the General Conditions, Drawings and Specifications, and by all the provisions thereof affording remedies and redress to the Contractor from the Owner. (e) To pay the Subcontractor, upon the issuance of certificates, if issued under a schedule of values, the amount allowed to the Contractor on account of the Subcontractor's work to the extent of the Subcontractor's interest therein. (f) To pay the Subcontractor, upon the issuance of certificates, if issued otherwise than as in (e), so that at all times his total payments shall be as large in proportion to the value of the work done by him as the total amount certified to the Contractor is to the value of the work done by him. (g) To pay the Subcontractor to such extent as may be provided |