Amount Required. (a) Definition. As used in this sub- section— Original contract price means the award price of the contract; or, for re- quirements contracts, the price pay- able for the estimated total quantity; or, for indefinite-quantity contracts, the price payable for the specified min- imum quantity. Original contract price does not include the price of any op- tions, except those options exercised at the time of contract award.
Amount Required. Such assurance of full performance shall be for a sum approved by the City Public Works Director as sufficient to cover the cost of improvements and repairs, including related engineering, inspection, and incidental expenses.
Amount Required. For contracts in excess of Two Hundred Thousand Dollars ($200,000), COUNTY may retain from each progress payment made to CONTRACTOR an amount not exceeding five (5%) percent of the payment as retainage.
Amount Required. As Security for Seller's representations and --------------- warranties in this Agreement, Seller covenants and agrees that he will maintain cash or liquid assets readily available in an account or accounts at Union Bank, or at any other bank or institution selected by Seller in Seller's sole discretion, in an amount not less than:
Amount Required. R (If no amount is specified it shall be deemed that a bond is not required and the provision of Clause 20.1 of the Standard Terms and Conditions shall not apply).
Amount Required
