Common use of Refund of Performance Guarantee Clause in Contracts

Refund of Performance Guarantee. The Deposit on account of performance guarantee shall be released within 30 days of completion of contract period subject to finalization of final bill whichever is later and no recoveries are pending against the said work, provided that the Engineer is satisfied that there is no demand outstanding against the Contractor.

Refund of Performance Guarantee. The Deposit on account of performance guarantee shall be released within 30 days of after completion of contract the DLP period subject to finalization of final bill whichever is later and no recoveries recov- eries are pending against the said work, provided that the Engineer is satisfied that there is no demand outstanding against the Contractor.

Refund of Performance Guarantee. Note: The Deposit on account of performance guarantee shall be released within 30 days of completion of contract period subject to finalization of final bill whichever is later and no recoveries are pending against the said work, provided that the Engineer is satisfied that there is no demand outstanding against the Contractor.

Refund of Performance Guarantee. The Deposit on account of performance guarantee shall be released within 30 days of completion of contract period subject to finalization of final bill whichever is later and no recoveries are pending against the said work, provided that the Engineer is satisfied that there is no demand outstanding against the Contractor.

Refund of Performance Guarantee. The Deposit on account of performance guarantee shall be released within 30 days of completion of contract period Defects Liability Certificate subject to finalization of final bill whichever is later and no recoveries are pending against the said work, provided that the Engineer is satisfied that there is no demand outstanding against the Contractor.. ❖ Summary of time of Refund of deposit is tabulated as follows: