Guarantee/Warranty. .1 Warranty coverage shall be provided by a guarantee warranty on all materials and workmanship for a period of one (1) year from the date of completion. Performance of the Contractor over the one (1) year period shall be guaranteed by the retention by the Metropolitan Regional Housing Authority of one percent (1%) of the contract price, or $2,500 (two thousand, five hundred Canadian dollars), whichever amount is greater.
Appears in 6 contracts
Samples: Metropolitan Regional Housing Authority, Agreement, Metropolitan Regional Housing Authority
