Security Bond. The security bond provides protection to Owner if Contractor presents an acceptable guaranteed maximum price (“GMP”) to Owner but is unable to deliver the required payment and performance bonds within the time period stated below.
Appears in 21 contracts
Samples: Agreement, Agreement Between Owner And, Standard Agreement
Security Bond. The security bond provides protection to Owner if Contractor presents an acceptable guaranteed maximum price (“GMP”) to Owner and 1) fails to execute the GMP; or 2) fails but is unable to deliver the required payment and performance bonds within the time period stated below.
Appears in 6 contracts
Samples: Attachment a – Draft Agreement, Draft Agreement, Draft Agreement
Security Bond. The security bond provides protection to Owner if Contractor presents an acceptable guaranteed maximum price (“GMP”) to Owner but is unable to deliver the required payment and performance bonds within the time period stated below.and
Appears in 6 contracts
Samples: Grant Agreement, Grant Agreement, contracts.hhs.texas.gov
Security Bond. The security bond provides protection to Owner if Contractor presents an acceptable guaranteed maximum price (“GMP”) to Owner but is unable and 1) fails to execute the GMP; or 2) fails to deliver the required payment and performance bonds within the time period stated below.
Appears in 2 contracts
Samples: cdn.glo.texas.gov, s3.glo.texas.gov
Security Bond. The security bond provides protection to Owner if Contractor presents an acceptable guaranteed maximum price (“GMP”) to Owner but is unable to deliver the required payment and performance bonds within the time period stated below.
Appears in 1 contract
Samples: Agreement
Security Bond. The security bond provides protection to Owner if Contractor presents an acceptable guaranteed maximum price (“GMP”) to Owner but is unable to deliver the required payment and performance bonds within the time period stated belowstatedbelow.
Appears in 1 contract
