Additional performance guarantee Sample Clauses

Additional performance guarantee. 11.2.1. Additional performance guarantees are taken at the rate of 6% of the price to be paid as price difference and/or in case of an increase in work, over the values accepted as guarantee, in the works for which a price difference is expected to be paid. The progress payments can also be used to meet the additional performance guarantee amount, which is calculated over the price to be paid as a price difference.
AutoNDA by SimpleDocs
Additional performance guarantee. 11.2.1. Additional performance guarantees are taken at the rate of 6% of the price to be paid as price difference and/or in case of an increase in work, over the values accepted as guarantee, in the works for which a price difference is expected to be paid. The progress payments can also be used to meet the additional performance guarantee amount, which is calculated over the price to be paid as a price difference.

Related to Additional performance guarantee

  • Ongoing Performance Measures The Department intends to use performance-reporting tools in order to measure the performance of Contractor(s). These tools will include the Contractor Performance Survey (Exhibit H), to be completed by Customers on a quarterly basis. Such measures will allow the Department to better track Vendor performance through the term of the Contract(s) and ensure that Contractor(s) consistently provide quality services to the State and its Customers. The Department reserves the right to modify the Contractor Performance Survey document and introduce additional performance-reporting tools as they are developed, including online tools (e.g. tools within MFMP or on the Department's website).

  • Continuing Contract Performance Pending final resolution of a Claim including litigation, unless otherwise agreed in writing the Contractor shall proceed diligently with performance of the Contract and the Owner shall continue to make payments in accordance with the Contract Documents.

Time is Money Join Law Insider Premium to draft better contracts faster.