PERFORMANCE BOND OR GUARANTEE. If specified in the Order, you must, within 14 days of Order, provide us with a performance bond, issued by a bank approved by us and in a form acceptable to us. The bond must remain in full force until we give you notice in writing that it is no longer required or until the event specified in the bond has occurred. Unless otherwise stated in the Order, the amount of such bond shall be for 10% of the Contract value.
Appears in 7 contracts
Samples: General Conditions of Contract for the Purchase of Services, General Conditions of Contract for the Purchase of Services, General Conditions of Contract for the Purchase of Services
