Proposal Guarantee definition

Proposal Guarantee means the Proposal bond, cashier's check or certified check submitted as part of the Proposal, payable to the contracting unit, ensuring that the successful Proposer will enter into a contract.
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Proposal Guarantee means the security to be furnished by the Bidder as a guarantee of good faith that it will enter into a Contract and execute the required Bonds covering the Work if awarded the Contract.
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Proposal Guarantee means a bond or other instrument of security furnished by the PROPOSER/CONTRACTOR to provide assurance that the PROPOSER/CONTRACTOR will execute the Contract Form.
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Examples of Proposal Guarantee in a sentence

  • These include Document AA – Notice to Bidders, Document BB – Instruction to Bidders, Document CC – Proposal and Schedule of Prices, Document DD – Construction Contract, Document EE – Proposal Guarantee (Bid Bond), Document FF – General Conditions, Document GG – Special Conditions, Document NN – Performance Bond.

  • Bidder shall provide a Bid Bond (Proposal Guarantee, Document EE) in the form of a cashier's check, certified check, or Surety Bond for the project in the amount of ten percent (10%) of the base bid (no alternates included).

  • A Proposal Guarantee (if required) shall be submitted with the Proposal response.

  • By: Date: Print Name and Title NOTE: If a check is offered as the bid guaranty, the check and the executed Proposal Guarantee must be received by the Department prior to the time of the letting.

  • If the Bidder to whom the Contract shall have been awarded fails, refuses or neglects to return the Contract, bonds and insurance certificate as herein provided, the Township of Lower Merion reserves the right to retain the Proposal Guarantee as liquidated damages, or to take such action as it deems appropriate including legal action for damages or specific performance.

  • PROPOSAL GUARANTEE (SURETY)‌ A Proposal Guarantee (if required) shall be submitted with the proposal response.

  • Such termination will result in the forfeiture of the Proposal Guarantee.

  • Such Proposal Guarantee shall be in the form of a Bid Bond, Irrevocable Letter of Credit, Certified Check or a Cashier’s Check, drawn by the Bidder to the “Treasurer of Lower Merion Township”.

  • Such Proposal Guarantee shall be in the form of a Bid Bond, Irrevocable Letter of Credit, Certified Check or a Cashier’ s Check, drawn by the Bidder to the ‘‘ Treasurer of Lower Merion Township’’ .

  • The offer of a Bidder for the Work under any schedule or combination of schedules properly completed and submitted on the prescribed Proposal form, with appropriate signatures and Proposal Guarantee.


More Definitions of Proposal Guarantee

Proposal Guarantee means security provided by a Proposer to the Airport Authority with a Proposal to guarantee that the Proposer will enter into a contract with the Airport Authority within the time specified in the RFP, based upon the substantive terms and conditions contained in the form of contract included in the RFP.
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Proposal Guarantee means the security designated in the Proposal to be furnished by the Bidder as a guarantee of good faith to enter into a contract with the City if the Work is awarded to the Bidder.
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Related to Proposal Guarantee

  • Financial guarantee means a performance bond, maintenance bond, surety bond, irrevocable letter of credit, or similar guarantees submitted to the [administering authority] by the responsible party to assure that requirements of the ordinance are carried out in compliance with the storm water management plan.

  • Bid guarantee means the bid bond, cashier's check or certified check submitted as part of the bid proposal, payable to the contracting unit, ensuring that the successful bidder will enter into a contract.

  • Subsidiary Guarantee means any guarantee of the obligations of the Issuers under this Indenture and the Notes by any Subsidiary Guarantor in accordance with the provisions of this Indenture.

  • Parent Company Guarantee means a guarantee issued in favour of the Operator in substantially the form set out in Schedule 6 (Form of Parent Company Guarantee).

  • Corporate Guarantee means a guarantee of the obligations of the Borrowers under this Agreement and the other Finance Documents to which each Borrower is a party, in the Agreed Form;

  • Subsidiary Guarantee Agreement means the Subsidiary Guarantee Agreement, substantially in the form of Exhibit D, made by the Subsidiary Loan Parties in favor of the Administrative Agent for the benefit of the Lenders.

  • Subsidiary Guaranty Agreement means each unconditional guaranty agreement executed by the Subsidiary Guarantors in favor of the Administrative Agent for the ratable benefit of the Secured Parties, substantially in the form of Exhibit H, as amended, restated, supplemented or otherwise modified from time to time.

  • Additional Guarantor means a company which becomes an Additional Guarantor in accordance with Clause 25 (Changes to the Obligors).

  • Parent Guarantee means the guarantee by Parent Guarantor of the obligations of the Issuer under this Indenture and the Securities in accordance with the provisions of this Indenture.

  • Original Guarantor means the Persons identified as such in the first paragraph of this Indenture until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter each such successor Person shall be an “Original Guarantor”.

  • Guarantee used as a verb has a corresponding meaning.

  • Permitted SBIC Guarantee means a guarantee by the Borrower of Indebtedness of an SBIC Subsidiary on the SBA’s then applicable form, provided that the recourse to the Borrower thereunder is expressly limited only to periods after the occurrence of an event or condition that is an impermissible change in the control of such SBIC Subsidiary (it being understood that, as provided in clause (s) of Article VII, it shall be an Event of Default hereunder if any such event or condition giving rise to such recourse occurs).

  • Call Off Guarantee means a deed of guarantee in favour of a Contracting Body in the form set out in Framework Schedule 13 (Guarantee) and granted pursuant to Clause 3 of the Template Call Off terms;

  • Note Guarantee means the Guarantee by each Guarantor of the Company’s obligations under this Indenture and the Notes, executed pursuant to the provisions of this Indenture.

  • Subsidiary Guaranty is defined in Section 9.7(a).

  • Limited Guarantee has the meaning set forth in the Recitals.

  • Additional Guarantors shall have the meaning assigned to such term in the Preamble hereof.

  • Swap Guarantee If so specified in the Supplement with respect to any Series, the guarantee issued by the Swap Guarantor in favor of the Trust substantially in the form attached as an exhibit to the Swap Agreement.

  • Subsidiary Guaranties means the Domestic Subsidiary Guaranty and each Foreign Subsidiary Guaranty.

  • Subsidiaries Guaranty shall have the meaning provided in Section 6.10.

  • Holdings Guaranty means the Holdings Guaranty made by Holdings in favor of the Administrative Agent on behalf of the Secured Parties, substantially in the form of Exhibit F.

  • Company Guaranty means the Company Guaranty made by the Company in favor of the Administrative Agent and the Lenders, substantially in the form of Exhibit F.

  • Guaranty Agreement means an agreement executed by the Guarantors in substantially the form of Exhibit F-2 unconditionally guarantying on a joint and several basis, payment of the Indebtedness, as the same may be amended, modified or supplemented from time to time.

  • Original Guarantors shall have the meaning assigned to such term in the Preamble hereof.

  • Initial Guarantor has the meaning set forth in the preamble hereto.

  • Guaranty means, with respect to any Person, any obligation (except the endorsement in the ordinary course of business of negotiable instruments for deposit or collection) of such Person guaranteeing or in effect guaranteeing any indebtedness, dividend or other obligation of any other Person in any manner, whether directly or indirectly, including (without limitation) obligations incurred through an agreement, contingent or otherwise, by such Person: