Bank Guarantee for performance definition
Bank Guarantee for performance means the security (or securities) to be provided under Sub-Clause 4.4 [Bank Guarantee for Performance].
Examples of Bank Guarantee for performance in a sentence
Bank Guarantee for performance security (Annexure – 3) (To be submitted by the Consultant at the time of signing the Agreement).
Bank Guarantee for performance security ( Enclosure – 3) (To be submitted by the Architect/Consultant at the time of signing the Agreement).
Bank Guarantee for performance security (Annexure – 3) (To be submitted by the Architect/Consultant at the time of signing the Agreement).
CONTRACTOR shall, within ten (10) calendar days after execution of this CONTRACT, furnish to OWNER through BECHTEL the following security: For Performance in accordance with the terms of this CONTRACT, CONTRACTOR shall provide an unconditional and irrevocable Bank Guarantee for performance of the WORK under this CONTRACT.