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: Construction Services Agreement, Construction Services Agreement, Construction Manager at Risk Agreement
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 7 contracts
Samples: Grant Agreement, Grant Agreement, General Construction Services Contract
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: Design/Build Agreement, Construction Contract, Construction Contract
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
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: Architectural Services Agreement
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 1 contract
Samples: Grant 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
Samples: Standard Agreement
