Performance Guarantee Provided Sample Clauses
Performance Guarantee Provided. The Developer must provide a Performance Guarantee in the amount of 100 percent of the water and/or sewer facility construction bid. The Performance Guarantee forms include Performance Surety Bond and Cash Performance and Pledge of Monies Agreement. The Performance Guarantee remains in effect until the District has accepted the work, received all required paperwork and payments, and a Maintenance Guarantee has been provided.
Performance Guarantee Provided. The Developer must provide a Performance Guarantee in the amount of 100 percent of the water and/or sewer facility construction bid. The Perf ormance Guarantee forms include Perf ormance Surety Bond and Cash Perf ormance and Pledge of Monies Agreement. The Perf ormance Guarantee remains in effect until the District has accepted the work, received all required paperwork and payments, and a Maintenance Guarantee has been provided.