Performance Bond Details Sample Clauses

Performance Bond Details. A performance bond is not required for this contract for Call When Needed Services.
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Performance Bond Details a. The Contractor must provide the following in accordance with clause 5.18 of this Contract: Contract Requirements Amount Performance Bond $<insert amount>
Performance Bond Details. The Contractor must provide the following: Contract Requirements Amount Performance Bond $<insert amount> or N/A The Performance Bond will be determined by calculating 5% of the Standing Charges for the first Absolute Availability Service Period for each Primary Service and totalling those amounts – but only those Primary Services where that calculation results in an amount greater than $50,000 (excl GST) will be counted. I.e. the Performance Bond total will only include Primary Services where that Service’s 5% calculation is greater than $50,000 (excl GST). If a Service’s 5% calculation is less than $50,000 (excl GST), that Service’s calculation will not be included in the Performance Bond total. If there are no Services in the Contract where the Service’s 5% calculation exceeds $50,000, then a Performance Bond will not be required at all.

Related to Performance Bond Details

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  • Building and Construction Industry Security of Payment Act 1999 (NSW);

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  • Minimum Customer Support Requirements for TIPS Sales Vendor shall provide timely and commercially reasonable support for TIPS Sales or as agreed to in the applicable Supplemental Agreement.

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