Consent of surety definition

Consent of surety means a contract guaranteeing that if the contract is awarded, the surety will provide a performance bond.
Consent of surety means a promissory note guaranteeing that if the contract is awarded, the surety will provide a performance bond.
Consent of surety means a contract guaranteeing that the Surety will provide a performance bond on behalf of the bidder in the event that the bidder is awarded the contract.

Examples of Consent of surety in a sentence

  • An affidavit that all payrolls, bills for materials and equipment and other indebtedness connected with the work for which the City or his property might in any way be responsible, have been paid.2. Consent of surety to final payment, and3.

  • Functional Requirements The requirements defined in this section contain the overall general functions of the requested software solution.

  • Consent of surety which reserves any right for the surety, after the award of the contract to the bidder, to decline to issue the performance bond will not be accepted.

  • The use of an SPE may therefore make it difficult to assess whether a Canadian reporting entity has effective continuing control and ownership over the foreign operating entities and their assets.

  • Consent of surety shall be required prior to any reduction of retainage or payment of final invoice.


More Definitions of Consent of surety

Consent of surety means an acknowledgment by a surety that its bond given in connection with a contract continues to apply to the contract as modified.
Consent of surety means a promissory note guaranteeing that if the contract is awarded, the surety will provide a Performance Bond. "Contract" means the written agreement executed by and between the successful Proposer and the governing body and shall include the Proposal, and the Request for Proposal.
Consent of surety means the consent form required to be executed by the surety as set out in Section3.10 – Appendix "A": Consent of Surety.
Consent of surety. - means a guarantee by the Surety that if the contract is awarded, the surety will provide a performance bond.
Consent of surety means a contract guaranteeing that if the contract is
Consent of surety means a contract guaranteeing that if the contract is awarded, the surety will provide a performance bond.” Contamination Surcharge” means an assessment on each ton of contamination found in delivered recyclable materials when said contamination levels exceed the standards as set forth in this RFP.
Consent of surety means a written confirmation from the Surety approving an action.