CONSTRUCTION GUARANTEE definition

CONSTRUCTION GUARANTEE means a guarantee at call obtained by the contractor from an institution approved by the employer in terms of the employer's construction guarantee form as selected in the schedule

CONSTRUCTION GUARANTEE is amended by replacing it with the following:

CONSTRUCTION GUARANTEE means a guarantee at call obtained by the contractor from an institution approved by the employer in terms of the employer's construction guarantee form as selected in the schedule Clause 1.1 Definition of "Construction Period" is amended by replacing it with the following:

Examples of CONSTRUCTION GUARANTEE in a sentence

• CONSTRUCTION GUARANTEE – means a guarantee at call obtained by the contractor from an institution approved by the employer in terms of the employer’s construction guarantee form as selected in the schedule.

• C1.3.2: VARIABLE CONSTRUCTION GUARANTEE - JBCC 2000 PRINCIPALBUILDING AGREEMENT (Edition 5.0 (Reprint 1) of July 2007)To:South African National Biodiversity Institute Private Bag X101Silverton 0184 Sir, VARIABLE CONSTRUCTION GUARANTEE FOR THE EXECUTION OF A CONTRACT IN TERMS OF JBCC 2000 (5.0 EDITION JULY 2007) 5.

• CONSTRUCTION GUARANTEE (PRO-FORMA)‌ GUARANTOR DETAILS AND DEFINITIONSGuarantor means ...........................................................................................................

• The contract duration is 24 months VARIABLE CONSTRUCTION GUARANTEE – (GCC (2010) 2nd EDITION: 2010)Director-GeneralDepartment of Public Works and Infrastructure Government of the Republic of South Africa To: Department of Public Works and InfrastructureIndependence Avenue Qhasana Building 5605 Sir,VARIABLE CONSTRUCTION GUARANTEE FOR THE EXECUTION OF A CONTRACT IN TERMS OF GCC (2010) 2nd EDITION 20101.

• C1.3.2: VARIABLE CONSTRUCTION GUARANTEE - JBCC 2000 PRINCIPAL BUILDINGAGREEMENT (Edition 5.0 of July 2007) To:South African National Biodiversity Institute Private Bag X101Silverton 0184 Sir, VARIABLE CONSTRUCTION GUARANTEE FOR THE EXECUTION OF A CONTRACT IN TERMS OF JBCC 2000 (5.0 EDITION JULY 2007) 5.

More Definitions of CONSTRUCTION GUARANTEE

CONSTRUCTION GUARANTEE means a fixed amount on-demand guarantee in accordance with the draft included within the tender documents, obtained by the contractor from an institution approved by the employer for the amount determined in terms of 14.0.

CONSTRUCTION GUARANTEE means guarantee at call obtained by the contractor from an institution approved by the employer in terms of the employer's construction guarantee form as selected in the schedule Clause 1.1 Definition of "Construction Period" is amended by replacing it with Section No. 1 PRELIMINARIES Bill No. 1 PRELIMINARIES the following:

CONSTRUCTION GUARANTEE has the meaning assigned to it in the Collateral Agency Agreement.

CONSTRUCTION GUARANTEE means the Guarantee, dated as of November 21, 2017, provided by the Construction Guarantor in favor of the Borrower.

CONSTRUCTION GUARANTEE means a guarantee at call obtained by the contractor from an institution approved by the employer in terms of the employer's construction guarantee form as selected in the schedule Clause 1.1 Definition of "Construction Period" is amended by replacing it with the following: "CONSTRUCTION PERIOD" means the period commencing on the commencement date and ending on the date of practical completion

CONSTRUCTION GUARANTEE. Means the bond issued in terms of the APP, equal to 10% (ten percent) of the COST OF THE SYSTEM, which the DEVELOPER shall deliver to CEA within the term established in Clause Twenty Eighth, to guarantee compliance of its obligations arising from the APP, including the payment of the conventional penalties caused by its breach of the APP with respect to the construction, equipment and TESTS of the SYSTEM.

CONSTRUCTION GUARANTEE is amended by replacing it with the following: „CONSTRUCTION GUARANTEE” means a guarantee at call obtained by the contractor from an institution approved by the employer in terms of the employer’s construction guarantee form as selected in the schedule Clause 1.1 Definition of “Construction Period” is amended by replacing it with the following: “CONSTRUCTION PERIOD” means the period commencing on the commencement date and ending on the date of practical completion Clause 1.1 Definition of “Corrupt Practice” is added: “CORRUPT PRACTICE” means the offering, giving, receiving or soliciting of anything of value to influence the action of a public official in the procurement process or in contract execution. Clause 1.1 Definition of “Fraudulent Practice” is added: “FRAUDULENT PRACTICE” means a misrepresentation of facts in order to influence a procurement process or the execution of a contract to the detriment of any tenderer and includes collusive practice among tenderers (prior to or after the tender submission) designed to establish tender prices at artificial non-competitive levels and to deprive the tenderer of the benefits of free and open competition. Clause 1.1 Definition of "Interest" is amended by replacing it with the following: “INTEREST” means the interest rates applicable on this contract, whether specifically indicated in the relevant clauses or not, will be the rate as determined by the Minister of Finance, from time to time, in terms of section 80(1)(b) of the Public Finance Management Act, 1999 (Act No. 1 of 1999). Clause 1.1 Definition of “Principal Agent” is amended by replacing it with the following: “PRINCIPAL AGENT” means the person or entity appointed by the employer and named in the schedule. In the event of a principal agent not being appointed, then all the duties and obligations of a principal agent as detailed in the agreement shall be fulfilled by a representative of the employer as named in the schedule Clause 1.1 Definition of “Security” is amended by replacing it with the following: “SECURITY” means the form of security provided by the employer or contractor, as stated in the schedule, from which the contractor or employer may recover expense or loss Clause 1.6 is amended by replacing the words “prepaid registered post, telefax or e-mail” with “prepaid registered post or telefax” Clause 1.6.4 is amended by replacing it with the following: No clause Fixed: Value related: Time related: Item OBJECTIVE AND PREPARATION A2.0 OFFER, AC...