Performance Guarantee Provided. The Developer must provide a Performance Guarantee in the amount of 100 percent of the water and/or sewer facility construction bid. The Performance Guarantee forms include Performance Surety Bond and Cash Performance and Pledge of Monies Agreement. The Performance Guarantee remains in effect until the District has accepted the work, received all required paperwork and payments, and a Maintenance Guarantee has been provided.
Appears in 5 contracts
Sources: Developer Extension Agreement (Dea), Developer Extension Agreement (Dea), Developer Extension Agreement (Dea)