Proposal Security. (a) The Proposal Security has been delivered to BPDB and is required to be maintained in effect until submission of Performance Security Deposit (PSD). If at any time prior to the submission of PSD, the Proposal Security will expire within thirty (30) Days and the Company does not extend the period of effectiveness of the Proposal Security for a period of not less than 4 (four) Months, BPDB shall be entitled immediately to encash the Proposal Security in full.
Proposal Security. The Project Sponsor (now, the Initial Shareholder[s]) delivered to BPDB the Proposal Security on the Bid Date.
Proposal Security. Each proposal shall be accompanied by a certified check, cashier’s check or corporate surety bond in an amount equal to five percent (5%) of the Shared/Hosted Furnished System base proposal total (excluding optional items). Such check or bond shall be provided as proposal security and be payable to the Metropolitan Emergency Services Board, St. Xxxx, MN, as a guarantee that vendor will enter into a contract with the Consortium or with the individual PSAP agencies in accordance with the terms of this solicitation in case such vendor is awarded the contract. If a bond, the bond shall be issued by a surety authorized to do business in the State of Minnesota.
Proposal Security. The security designated in the proposal, to be furnished by the Bidder as a guaranty of good faith to enter into a contract with the Owner if the work is awarded to him.
Proposal Security. 25 To secure the obligations of Proposer under this ITP, the Proposal shall include either a 26 Proposal Bond or a Proposal Letter of Credit in the face amount of $50 million.
Proposal Security. 6.1 Due to the nature of this RFP and in accordance with FEMA standards, a bid bond is not necessary.
Proposal Security. All Proposals must be accompanied by a Proposal Bond in accordance with Section 5 of this RFP.
Proposal Security. By submitting this Proposal, the undersigned Design‑Builder hereby agrees to be bound by the award of the Contract and, if awarded the Contract on this Proposal, to execute the required Contract and the required Contract Payment and Performance Bond within ten (10) days after receipt of notice of the award. The undersigned Design‑Builder submits herewith the required Proposal guaranty in an amount of not less than five (5%) percent of the total amount of the Price Proposal drawn to the order of the Tennessee Department of Transportation offered and agrees and consents that the Proposal guaranty shall immediately be at the disposal of the Department, not as a penalty, but as an agreed liquidated damage if the required Contract and Contract Payment and Performance Bond are not executed within ten (10) days from receipt of the notice of award.
Proposal Security. N/A 2.24 Payment and Performance Bond – N/A
