Guarantee Bond. Section 1. The CONTRACTOR shall furnish the PROCURING ENTITY with a Guarantee Bond in an amount equal to ten percent (10%) of the Contract Price, effective for a period of one (1) year reckoned from the date of issuance of the Certificate of Completion.
Appears in 3 contracts
Samples: Construction Agreement, Construction Agreement, legal.upm.edu.ph
Guarantee Bond. Section 1. The CONTRACTOR shall furnish the PROCURING ENTITY with a Guarantee Bond in an amount equal to ten percent (10%) of the Contract Price, effective for a period of one (1) year reckoned from the date of issuance of the Certificate of Completion.
Appears in 2 contracts
Samples: Construction Agreement, Construction Agreement
