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Common use of Performance Guarantee Clause in Contracts

Performance Guarantee. The successful bidder shall furnish performance security 05% of total estimated L.P budget in addition to bid security already deposited by the firm. The performance security shall be deposited in the shape of cash deposit receipt.

Appears in 13 contracts

Samples: Framework Contract, Rate Contract, Rate Contract

Performance Guarantee. The successful bidder shall furnish performance security 05% of total estimated L.P budget in addition to bid security already deposited by the firm. The performance security shall be deposited in the shape of cash deposit receipt, Bank Guarantee, Demand Draft valid for at least two years.

Appears in 3 contracts

Samples: Framework Contract, Framework Contract, Framework Contract

Performance Guarantee. The successful bidder shall furnish performance security 052% of total estimated L.P budget in addition to bid security already deposited by the firm. The performance security shall be deposited in the shape of cash deposit receipt.

Appears in 3 contracts

Samples: Framework Contract, Framework Contract, Framework Contract