Common Contracts
1 similar Cmar Agreement contracts
CMAR Agreement for Peace River Regional Reservoir No. 3 (PR3) Pumping and Conveyance FacilitiesCmar Agreement • June 13th, 2023
When CMAR delivers the executed Agreement to Owner, CMAR shall deliver to Owner an updated letter from CMAR’s surety or sureties verifying that CMAR has bonding capacity of $150 million available for this Project. Upon execution of a Phase II Construction Price Amendment, CMAR shall furnish a performance and payment Bond as security for the faithful performance and payment of all CMAR's obligations to furnish, provide and pay for the Work. The Performance Bond shall remain in effect at least until two (2) year after Final Completion except as provided otherwise by Applicable Laws.
