SECURITIES IN LIEU OF RETENTION. 1. In accordance with Public Contract Code Section 22300, at the request and expense of Contractor, securities equivalent to amounts withheld may be deposited with the County, or with a State or federally chartered bank as escrow agent, who shall then pay such monies to Contractor. Upon satisfactory completion of the Work, securities shall be returned to Contractor.
Appears in 10 contracts
Samples: County Agreement Number XXXX Contract, County Agreement Number XXXXXX Contract With XXXX, County Agreement Number XXXX Contract With XXXX
