Common use of Municipal Services Clause in Contracts

Municipal Services. As work is completed, inspected and approved by the Town, the security may be reduced, if so approved by the Town, provided there are no registered liens or outstanding claims against the subject lands, as confirmed by the Town’s Solicitors, to an amount equal to 125% of the estimated cost of the work remaining to be completed, based on the adjusted amounts as set out above, including any approved extra works not specifically itemized in Schedule D, plus 25% of the cost of the works completed, as estimated by the OWNER’S Engineer. In no case will the security required under this Section be reduced to less than 25% of the value of works remaining until the granting of final approval by the Town as provided in Sections 9.d and 9. f.

Municipal Services. As work is completed, inspected and approved by the Town, the security may be reduced, if so approved by the Town, provided there are no registered liens or outstanding claims against the subject landsLands, as confirmed by the Town’s Solicitorssolicitors, to an amount equal to 125% of the estimated cost of the work remaining to be completed, based on the adjusted amounts as set out above, including any approved extra works not specifically itemized in Schedule D, plus 25% of the cost of the works completed, as estimated by the OWNER’S Owner’s Engineer. In no case will the security required under this Section be reduced to less than 25% of the value of works remaining until the granting of final approval by the Town as provided in Sections 9.d and 9. f.9.f.

Municipal Services. As work is completed, inspected and approved by the Town, the security may be reduced, if so approved by the Town, provided there are no registered liens or outstanding claims against the subject lands, as confirmed by the Town’s Solicitors, to an amount equal to 125100% of the estimated cost of the work remaining to be completed, based on the adjusted amounts as set out above, including any approved extra works not specifically itemized in Schedule D, plus 25% of the cost of the works completed, as estimated by the OWNER’S Owner’s Engineer. In no case will the security required under this Section be reduced to less than 25% of the value of works remaining until the granting of final approval by the Town as provided in Sections 9.d and 9. f.9.f.

Municipal Services. As work is completed, inspected and approved by the Town, the security may be reduced, if so approved by the Town, provided there are no registered liens or outstanding claims against the subject lands, as confirmed by the Town’s Solicitors, to an amount equal to 125100% of the estimated cost of the work remaining to be completed, based on the adjusted amounts as set out above, including any approved extra works not specifically itemized in Schedule D, plus 25% of the cost of the works completed, as estimated by the OWNER’S Owner’s Engineer. In no case will the security required under this Section be reduced to less than 25% of the value of works remaining until the granting of final approval by the Town as provided in Sections 9.d and 9. f.