Common use of Construction Performance Security Clause in Contracts

Construction Performance Security. The Concessionaire has to submit a construction performance security (in form of bank guarantee) within 30 days from the execution date to be released after 6 months of COD of Phase-II (Clause 9.1.1 + Clause 9.1.3)

Appears in 2 contracts

Sources: Project Information Memorandum, Project Information Memorandum