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
Sources: 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
Sources: 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
Sources: 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 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
Sources: 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
Sources: Standard 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.
Appears in 1 contract
Sources: Architectural Services Agreement