DOCUMENT

FORM - Payment Assignment

  • ENTITY TYPE: City/Township
  • TYPE OF DOCUMENT: FORM - Form
The document is a payment assignment form that needs to be completed and returned to the purchasing agent of the City of Los Angeles. It is used to modify a contract or purchase order by transferring the rights, title, and interest from the assignor to the assignee. The assignor is required to provide their information, including their signature and title, while the assignee needs to accept the assignment and agree to the terms and conditions of the contract. The bonding company also needs to provide their consent to the assignment. Finally, the document requires the consent of the City of Los Angeles. Two corporate signatures are required for contracts or purchase orders with a value exceeding $90,000.
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