Bid and Performance Security Sample Clauses

Bid and Performance Security. The Contractor hereby and herewith deposits with and delivers to the Minister, as security of the due fulfilment of the Contract, one of the following, which shall remain in effect for a minimum of 30 days after tender closing:
Sample 1Sample 2Sample 3See All (133)
AutoNDA by SimpleDocs
Bid and Performance Security. The stipulated Bid Security amount shall be thirty thousand dollars ($30,000). Upon award, the successful Contractor shall replace the Bid Security by submitting to PEI Department of Transportation, Infrastructure and Energy (the Department) a Performance Security. The Performance Security shall remain in place until the warranty period expires (one year after substantial completion).
Sample 1Sample 2Sample 3See All (18)
Bid and Performance Security. If bid security is required, a bid bond or cashier’s check in the amount indicated on the bid cover must accompany the bid and be made payable to The City of Fairhope of Xxxxxxx County, Al. Corporate or certified checks are not acceptable. Bonds must be in a form satisfactory to the City and underwritten by a company licensed to issue bonds in the State of Alabama. If bid security fails to accompany the bid, it shall be deemed unresponsive, unless the Purchasing Manager deems the failure to be non-substantial. All checks will be returned to the bidders after the contract has been approved. If a performance bond is required, the successful bidder will be notified after the awarding of the contract.
Sample 1Sample 2Sample 3
Bid and Performance Security. The Contractor hereby and herewith deposits with and delivers to the St Xxxxxx Area Development Corporation, as security of the due fulfilment of the Contract, one of the following, which shall remain in effect for a minimum of 30 days after tender closing:
Sample 1

Related to Bid and Performance Security

  • Payment and Performance Bonds The Contractor shall comply with the following minimum bonding requirements:

  • COMPLIANCE AND PERFORMANCE EVALUATION Two (2) Mandatory Compliance and Performance Evaluation Meetings shall be conducted during each Term of this Agreement. Additional meetings may be scheduled at the discretion of Department to ensure Concessionaire’s effectiveness and compliance. The meetings shall review all aspects of the Concession Operation, ensuring that quality public services are being provided on a continuing basis in accordance with the Bid Specifications and this Agreement, that operational problems/concerns are addressed on a timely basis, and that all terms and conditions are clearly understood. The meetings shall be held on site with Department-designated State Park Service staff representative(s), the on-site concession manager, and a management/supervisory representative of Concessionaire’s firm. A report form shall be utilized to document the meeting, and to identify any deficiencies and the corrective action required. A copy of the completed report form shall be provided to the on- site concession manager or the management/supervisory representative of Concessionaire’s firm and shall be attached to and made a part of this Agreement. The Mandatory Compliance and Performance Evaluation Meetings shall be held as follows: • Meeting #1 - Prior to commencement of the Period of Operation or Memorial Day, whichever comes first. • Meeting #2 - Within ten (10) calendar days after the last approved day of the Period of Operation.

  • Continued Performance The Contractor and Contractor Parties shall continue to Perform their obligations under the Contract while any dispute concerning the Contract is being resolved.

  • Performance Security If our Tender is accepted, we commit to obtain a performance security in accordance with the Tendering document;

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