Sureties. The Employer may withhold payment of amounts due to the Contractor until the bond or guarantee required in terms of this contract has been received and accepted by the person notified to the Contractor by the Service Manager to receive and accept such bond or guarantee. Such withholding of payment due to the Contractor does not affect the Employer’s right to termination stated in this contract.
Appears in 22 contracts
Samples: Nec3 Term Service Contract (Tsc3), Nec3 Term Service Contract, Nec3 Term Service Contract (Tsc3)
Sureties. The Employer may withhold payment of amounts due to the Contractor until the bond or guarantee required in terms of this contract has been received and accepted by the person notified to the Contractor by the Service Project Manager to receive and accept such bond or guarantee. Such withholding of payment due to the Contractor does not affect the Employer’s right to termination stated in this contract.
Appears in 6 contracts
Samples: Nec3 Engineering & Construction Contract, Nec3 Engineering & Construction Contract, Nec3 Engineering & Construction Contract
Sureties. The Employer may withhold payment of amounts due to the Contractor until the bond or guarantee required in terms of this contract has been received and accepted by the person notified to the Contractor by the Service Manager to receive and accept such bond or guarantee. Such withholding of payment due to the Contractor does not affect the Employer’s right to termination stated in this contract.
Appears in 2 contracts
Samples: Nec3 Engineering & Construction Contract, Nec3 Term Service Contract (Tsc3)
Sureties. The Employer may withhold payment of amounts due to the Contractor until the bond or guarantee required in terms of this contract has been received and accepted by the person notified to the Contractor by the Service Project Manager to receive and accept such bond or guarantee. Such withholding of payment due to the Contractor does not affect the Employer’s right to termination stated in this contractContract.
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Sureties. The Employer may withhold payment of amounts due to the Contractor until the bond or guarantee required in terms of this contract has been received and accepted by the person notified to the Contractor by the Service Project Manager to receive and accept such bond or guarantee. Such withholding of payment due to the Contractor does not affect the Employer’s right to termination stated in this contract.. The Contractor provides the bonds and guarantees as agreed to within 2 weeks after the Contract Date
Appears in 1 contract
Sureties. The Employer may withhold payment of amounts due to the Contractor until the bond or guarantee required in terms of this contract has been received and accepted by the person notified to the Contractor by the Service Project Manager to receive and accept such bond or guarantee. Such withholding of payment due to the Contractor does not affect the Employer’s Employer‟s right to termination stated in this contract.
Appears in 1 contract