{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "the-concessionaire-shall", "type": "clause", "offset": [6, 30]}, {"key": "concession-period", "type": "definition", "offset": [92, 109]}, {"key": "to-the-authority", "type": "clause", "offset": [119, 135]}, {"key": "prior-to", "type": "definition", "offset": [160, 168]}, {"key": "expiry-of", "type": "clause", "offset": [169, 178]}, {"key": "performance-security", "type": "definition", "offset": [183, 203]}, {"key": "unconditional-guarantee", "type": "clause", "offset": [224, 247]}, {"key": "a-bank", "type": "clause", "offset": [253, 259]}, {"key": "the-performance-guarantee", "type": "clause", "offset": [406, 431]}, {"key": "by-the-concessionaire", "type": "clause", "offset": [444, 465]}, {"key": "into-effect", "type": "clause", "offset": [501, 512]}, {"key": "in-clause", "type": "clause", "offset": [549, 558]}, {"key": "force-and-effect", "type": "clause", "offset": [604, 620]}, {"key": "provision-of-the", "type": "clause", "offset": [636, 652]}, {"key": "notwithstanding-anything-to-the-contrary-contained", "type": "clause", "offset": [774, 824]}, {"key": "in-this-agreement", "type": "clause", "offset": [825, 842]}, {"key": "in-the-event", "type": "clause", "offset": [844, 856]}, {"key": "period-of", "type": "definition", "offset": [926, 935]}, {"key": "the-authority-may", "type": "clause", "offset": [991, 1008]}, {"key": "security-and", "type": "clause", "offset": [1043, 1055]}, {"key": "all-rights", "type": "clause", "offset": [1115, 1125]}, {"key": "of-the-concessionaire", "type": "clause", "offset": [1163, 1184]}, {"key": "arising-out-of", "type": "definition", "offset": [1194, 1208]}, {"key": "mutual-agreement-of-the-parties", "type": "clause", "offset": [1389, 1420]}], "snippet": "9.4.1 The Concessionaire shall, for the performance of its obligations hereunder during the Concession Period, provide to the Authority no later than [90] days prior to expiry of the Performance Security, an irrevocable and unconditional guarantee from a Bank for a sum equivalent to Rs. ***** crore (Rupees ***** crore)7 in the form set forth in Schedule-FF (the \u201cPerformance Guarantee\u201d). Until such time the Performance Guarantee is provided by the Concessionaire pursuant hereto and the same comes into effect, notwithstanding anything contained in clause 9.3 the Performance Security shall remain in force and effect, and upon such provision of the Performance Guarantee pursuant hereto, the Authority shall release the Performance Security to the Concessionaire.\n9.4.2 Notwithstanding anything to the contrary contained in this Agreement, in the event Performance Guarantee is not provided by the Concessionaire within a period of [90] days prior to expiry of the Performance Security, the Authority may invoke and encash the Performance Security and appropriate the proceeds thereof as Damages, and thereupon all rights, privileges, claims and entitlements of the Concessionaire under or arising out of this Agreement shall be deemed to have been waived by, and to have ceased with the concurrence of the Concessionaire, and this Agreement shall be deemed to have been terminated by mutual agreement of the Parties.", "samples": [{"hash": "8LLwPc00dXn", "uri": "/contracts/8LLwPc00dXn#performance-guarantee", "label": "Concession Agreement", "score": 23.7323741913, "published": true}, {"hash": "6zhTiAUF1Bi", "uri": "/contracts/6zhTiAUF1Bi#performance-guarantee", "label": "Concession Agreement", "score": 23.7323741913, "published": true}, {"hash": "51XpAsNDGVg", "uri": "/contracts/51XpAsNDGVg#performance-guarantee", "label": "Concession Agreement", "score": 23.7323741913, "published": true}], "size": 52, "hash": "a5958a2d4e311fd79a8dc0e6a1e9e9f9", "id": 1}, {"snippet_links": [{"key": "the-successful-bidder", "type": "definition", "offset": [0, 21]}, {"key": "performance-security", "type": "definition", "offset": [36, 56]}, {"key": "in-addition-to", "type": "clause", "offset": [91, 105]}, {"key": "bid-security", "type": "clause", "offset": [106, 118]}, {"key": "the-firm", "type": "clause", "offset": [140, 148]}, {"key": "the-performance", "type": "clause", "offset": [150, 165]}, {"key": "deposit-receipt", "type": "definition", "offset": [215, 230]}], "snippet": "The successful bidder shall furnish performance security 05% of total estimated L.P budget in addition to bid security already deposited by the firm. The performance security shall be deposited in the shape of cash deposit receipt.", "samples": [{"hash": "fw4p8FFC5A4", "uri": "/contracts/fw4p8FFC5A4#performance-guarantee", "label": "Rate Contract", "score": 27.3436012268, "published": true}, {"hash": "kaqmo9hlz3u", "uri": "/contracts/kaqmo9hlz3u#performance-guarantee", "label": "Rate Contract", "score": 26.8015060425, "published": true}, {"hash": "4i6X000sjpu", "uri": "/contracts/4i6X000sjpu#performance-guarantee", "label": "Rate Contract", "score": 26.7604389191, "published": true}], "size": 19, "hash": "e56a2f3aeabefb89e58b20adbedd6b17", "id": 4}, {"snippet_links": [{"key": "to-secure", "type": "clause", "offset": [0, 9]}, {"key": "the-public-improvements", "type": "clause", "offset": [47, 70]}, {"key": "developer-shall", "type": "clause", "offset": [72, 87]}, {"key": "a-letter-of-credit", "type": "definition", "offset": [96, 114]}, {"key": "alternate-security", "type": "clause", "offset": [118, 136]}, {"key": "chapter-16", "type": "definition", "offset": [149, 159]}, {"key": "article-xv", "type": "definition", "offset": [161, 171]}, {"key": "the-superior", "type": "clause", "offset": [175, 187]}, {"key": "municipal-code", "type": "clause", "offset": [188, 202]}, {"key": "based-on", "type": "definition", "offset": [203, 211]}, {"key": "estimated-costs", "type": "definition", "offset": [216, 231]}, {"key": "approval-of", "type": "definition", "offset": [236, 247]}, {"key": "the-performance-guarantee", "type": "clause", "offset": [306, 331]}, {"key": "the-effective-date", "type": "clause", "offset": [350, 368]}, {"key": "provide-the", "type": "clause", "offset": [394, 405]}, {"key": "construction-of", "type": "clause", "offset": [506, 521]}, {"key": "the-property", "type": "clause", "offset": [559, 571]}, {"key": "including-without-limitation", "type": "clause", "offset": [573, 601]}, {"key": "purpose-of-the", "type": "clause", "offset": [772, 786]}, {"key": "determine-the", "type": "clause", "offset": [816, 829]}, {"key": "amount-of-security", "type": "clause", "offset": [830, 848]}, {"key": "no-representations", "type": "clause", "offset": [850, 868]}, {"key": "to-pay", "type": "clause", "offset": [938, 944]}, {"key": "costs-of-all", "type": "clause", "offset": [956, 968]}, {"key": "the-future", "type": "clause", "offset": [1069, 1079]}, {"key": "right-to-review-and-adjust", "type": "clause", "offset": [1116, 1142]}, {"key": "annual-basis", "type": "clause", "offset": [1169, 1181]}, {"key": "according-to", "type": "definition", "offset": [1209, 1221]}, {"key": "changes-in", "type": "definition", "offset": [1222, 1232]}, {"key": "construction-costs", "type": "definition", "offset": [1237, 1255]}, {"key": "notice-to-developer", "type": "clause", "offset": [1376, 1395]}, {"key": "after-receipt-of", "type": "clause", "offset": [1429, 1445]}, {"key": "prior-to", "type": "definition", "offset": [1725, 1733]}, {"key": "relates-to", "type": "definition", "offset": [1938, 1948]}, {"key": "the-cost", "type": "clause", "offset": [1949, 1957]}, {"key": "required-public-improvements", "type": "clause", "offset": [1961, 1989]}, {"key": "the-period", "type": "clause", "offset": [2081, 2091]}, {"key": "section-2", "type": "clause", "offset": [2113, 2122]}, {"key": "complete-the", "type": "clause", "offset": [2191, 2203]}, {"key": "calendar-days", "type": "clause", "offset": [2277, 2290]}, {"key": "agreement-or", "type": "definition", "offset": [2502, 2514]}, {"key": "replacement-guarantee", "type": "definition", "offset": [2717, 2738]}, {"key": "funds-received", "type": "definition", "offset": [2830, 2844]}, {"key": "reasonable-period-of-time", "type": "definition", "offset": [2907, 2932]}, {"key": "by-developer", "type": "clause", "offset": [2974, 2986]}, {"key": "compliance-with", "type": "definition", "offset": [3027, 3042]}, {"key": "conditions-and-requirements", "type": "clause", "offset": [3047, 3074]}, {"key": "required-time", "type": "definition", "offset": [3086, 3099]}, {"key": "written-approval", "type": "definition", "offset": [3108, 3124]}, {"key": "the-total", "type": "clause", "offset": [3203, 3212]}, {"key": "cost-of-construction", "type": "clause", "offset": [3220, 3240]}, {"key": "reduced-performance", "type": "definition", "offset": [3290, 3309]}, {"key": "by-the-town", "type": "clause", "offset": [3334, 3345]}, {"key": "warranty-period", "type": "clause", "offset": [3364, 3379]}], "snippet": "To secure the construction and installation of the Public Improvements, Developer shall provide a letter of credit or alternate security pursuant to Chapter 16, Article XV of the Superior Municipal Code based on the Estimated Costs.\na. Approval of the FDP shall be contingent upon Developer's provision of the Performance Guarantee within 30 days of the Effective Date. Failure of Developer to provide the Performance Guarantee shall negate the Town's approval of the FDP.\nb. Developer shall not start the construction of any public or private improvement on the Property, including without limitation staking, earth work, overlot grading or the erection of any structure, temporary or otherwise, until the Town has received and approved the Performance Guarantee.\nc. The purpose of the Estimated Costs is solely to determine the amount of security. No representations are made as to the accuracy of these estimates, and \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 agrees to pay the Actual Costs of all such Public Improvements, regardless of the Estimated Costs.\nd. The Estimated Costs may increase in the future. Accordingly, the Town reserves the right to review and adjust the Estimated Costs on an annual basis. Adjustments shall be made according to changes in the Construction Costs Index as published by the Engineering News Record. If the Town adjusts the Estimated Costs, the Town shall give written notice to Developer. Developer shall, within 30 days after receipt of said written notice, provide the Town with a new or amended Performance Guarantee in the amount of the adjusted Estimated Costs. If Developer fails to provide a new or amended Performance Guarantee, the Town may exercise the remedies provided for herein; provided, however, that prior to increasing the amount of the Performance Guarantee, the Town shall give credit to Developer for all Public Improvements which have actually been completed, so that the amount of the Performance Guarantee relates to the cost of required Public Improvements not yet constructed.\ne. If the Public Improvements are not constructed or completed within the period of time specified by Section 2 hereof, the Town may draw on the Performance Guarantee of credit to complete the Public Improvements. If the Performance Guarantee is to expire within 14 calendar days and Developer has not yet provided a satisfactory replacement, or completed the Public Improvements, the Town may draw on the Performance Guarantee and either hold such funds as security for performance of this Agreement or spend such funds to finish the Public Improvements or correct problems with the Public Improvements as the Town deems appropriate. If the Town has drawn on the Performance Guarantee, and a satisfactory replacement guarantee is provided or the Public Improvements have been completed, then the Town will release any funds received as a result of its draw on the Performance Guarantee within a reasonable period of time, or within 10 calendar days of a request by Developer.\nf. Upon completion of construction and compliance with all conditions and requirements within the required time and the written approval of the Town, the Performance Guarantee may be reduced to the amount of 25% of the total actual cost of construction and installation of the Public Improvements. The reduced Performance Guarantee shall be held by the Town during the 2-year warranty period.", "samples": [{"hash": "ldgsa29CP47", "uri": "/contracts/ldgsa29CP47#performance-guarantee", "label": "Development Improvement Agreement", "score": 31.4622192383, "published": true}, {"hash": "9Qz9ZcnDdi0", "uri": "/contracts/9Qz9ZcnDdi0#performance-guarantee", "label": "Development Improvement Agreement", "score": 31.209400177, "published": true}, {"hash": "iu2LA3lbEFo", "uri": "/contracts/iu2LA3lbEFo#performance-guarantee", "label": "Development Improvement Agreement", "score": 29.2147312164, "published": true}], "size": 40, "hash": "7565161a7d7d3cceb83eb565b5fcbcb7", "id": 2}, {"snippet_links": [{"key": "the-contractor-shall", "type": "clause", "offset": [4, 24]}, {"key": "work-carried", "type": "clause", "offset": [64, 76]}, {"key": "period-of", "type": "definition", "offset": [94, 103]}, {"key": "work-for", "type": "definition", "offset": [147, 155]}, {"key": "performance-security", "type": "definition", "offset": [162, 182]}, {"key": "amount-of-contract", "type": "clause", "offset": [231, 249]}, {"key": "submit-to", "type": "clause", "offset": [286, 295]}, {"key": "the-department", "type": "clause", "offset": [296, 310]}, {"key": "a-bank", "type": "clause", "offset": [311, 317]}, {"key": "value-of-work", "type": "clause", "offset": [348, 361]}, {"key": "final-bill", "type": "definition", "offset": [388, 398]}, {"key": "payable-to", "type": "definition", "offset": [399, 409]}, {"key": "the-\u2587", "type": "clause", "offset": [476, 481]}, {"key": "bill-payment", "type": "clause", "offset": [560, 572]}, {"key": "amount-deducted", "type": "clause", "offset": [647, 662]}, {"key": "the-period", "type": "clause", "offset": [714, 724]}, {"key": "actual-completion", "type": "definition", "offset": [768, 785]}, {"key": "the-commissioner", "type": "clause", "offset": [799, 815]}, {"key": "chief-municipal-officer", "type": "definition", "offset": [817, 840]}, {"key": "to-extend", "type": "clause", "offset": [866, 875]}, {"key": "validity-period", "type": "definition", "offset": [880, 895]}, {"key": "the-bank", "type": "definition", "offset": [899, 907]}, {"key": "and-the-contractor", "type": "clause", "offset": [966, 984]}, {"key": "if-the-contractor", "type": "clause", "offset": [1054, 1071]}, {"key": "expiry-of", "type": "clause", "offset": [1187, 1196]}, {"key": "own-cost", "type": "clause", "offset": [1345, 1353]}, {"key": "reasonable-period", "type": "definition", "offset": [1366, 1383]}, {"key": "of-the-contractor", "type": "clause", "offset": [1511, 1528]}, {"key": "other-agency", "type": "clause", "offset": [1727, 1739]}, {"key": "cost-plus", "type": "definition", "offset": [1803, 1812]}, {"key": "in-any-form", "type": "definition", "offset": [1883, 1894]}, {"key": "department-or", "type": "definition", "offset": [1919, 1932]}, {"key": "completion-of-construction", "type": "definition", "offset": [2003, 2029]}, {"key": "performance-bank-guarantee", "type": "clause", "offset": [2051, 2077]}, {"key": "to-the-contractor", "type": "clause", "offset": [2096, 2113]}, {"key": "subject-to-the", "type": "clause", "offset": [2114, 2128]}, {"key": "executive-engineer", "type": "definition", "offset": [2149, 2167]}], "snippet": "(i) The contractor shall also be responsible for performance of work carried out by him for a period of 12 (Twelve) month beyond the completion of work for which performance security has to be furnished by him @ 5%(five percent)of amount of contract. For this purpose contractor has to submit to the department a Bank Guarantee of 5% amount of the value of work done on every running and final bill payable to him. If contractor fails to submit bank guarantee of 5% amount of the \u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587, then 5% amount of bill shall be deducted from his running and final bill payment. However, the contractor can get refund of such performance cash security amount deducted if he submits appropriate bank guarantee valid for the period as stated above or 12 (Twelve) month after actual completion. If require, the Commissioner/ Chief Municipal Officer shall ask the contractor to extend the validity period of the Bank Guarantee(s) for such period which he considers it proper and the contractor shall extend the validity period of such Bank Guarantee accordingly. If the contractor fails to extend the period accordingly, the Commissioner/ Chief Municipal Officer shall encash the B.G. before the expiry of the validity period.\n(ii) The contractor shall have to carry out all necessary \"Rectification\" of defects noticed, caused due to any reasons at his own cost within such reasonable period mentioned in such communication notice from the Commissioner/Chief Municipal Officer/ Engineer in Charge to him.\n(iii) Failure of the contractor to rectify the defects properly in the given period, it shall be open for the Commissioner/Chief Municipal Officer/Engineer in Charge to get the defect(s) rectified either departmentally or through other agency (without calling any tender /quotation) and recover the actual cost plus 15 % (fifteen percent) of such cost from the contractor from any sum, in any form, and available with the department or can be recovered as \"Arrears of Land Revenue\"\n(iv) After One years of completion of construction, Amount of available performance Bank guarantee shall be returned to the contractor subject to the satisfaction of the Executive Engineer.", "samples": [{"hash": "cInCqdUPWn4", "uri": "/contracts/cInCqdUPWn4#performance-guarantee", "label": "Item Rate Tender and Contract for Works", "score": 35.7651939392, "published": true}, {"hash": "8FEssrGcWZB", "uri": "/contracts/8FEssrGcWZB#performance-guarantee", "label": "Item Rate Tender and Contract for Works", "score": 35.6608924866, "published": true}, {"hash": "bqL84aVkbQy", "uri": "/contracts/bqL84aVkbQy#performance-guarantee", "label": "Item Rate Tender and Contract for Works", "score": 35.201461792, "published": true}], "size": 19, "hash": "4145de5f551ede6e7917a278488a6c28", "id": 3}, {"snippet_links": [{"key": "unless-otherwise-specified-in", "type": "clause", "offset": [0, 29]}, {"key": "chapter-2", "type": "definition", "offset": [30, 39]}, {"key": "terms-and-conditions-of-lease", "type": "clause", "offset": [47, 76]}, {"key": "in-entering-into-this-agreement", "type": "clause", "offset": [78, 109]}, {"key": "lessee-shall", "type": "clause", "offset": [115, 127]}, {"key": "deposit-cash", "type": "clause", "offset": [128, 140]}, {"key": "letter-of-guarantee", "type": "clause", "offset": [153, 172]}, {"key": "issued-by", "type": "definition", "offset": [173, 182]}, {"key": "local-bank", "type": "clause", "offset": [185, 195]}, {"key": "the-rent", "type": "clause", "offset": [244, 252]}, {"key": "the-relevant", "type": "clause", "offset": [258, 270]}, {"key": "service-fees", "type": "clause", "offset": [271, 283]}, {"key": "land-taxes", "type": "definition", "offset": [309, 319]}, {"key": "to-the-lessor", "type": "clause", "offset": [321, 334]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [455, 487]}, {"key": "in-case-of", "type": "clause", "offset": [489, 499]}, {"key": "amendment-of-this-agreement", "type": "clause", "offset": [503, 530]}, {"key": "the-performance-guarantee", "type": "clause", "offset": [594, 619]}, {"key": "increased-amount", "type": "clause", "offset": [633, 649]}], "snippet": "Unless otherwise specified in Chapter 2 of the Terms and Conditions of Lease, in entering into this agreement, the Lessee shall deposit cash or submit a Letter of Guarantee issued by a local bank for the amount equivalent to three (3) times of the rent plus the relevant service fees and monthly building and land taxes, to the Lessor as performance guarantee. The above performance guarantee shall be returned after the Lessee has been relieved from all obligations under this agreement. In case of an amendment of this agreement, resulting in an increase of the rent, the Lessee shall submit the performance guarantee to cover the increased amount accordingly.", "samples": [{"hash": "kpu6ou3YMoU", "uri": "/contracts/kpu6ou3YMoU#performance-guarantee", "label": "Lease Agreement (King Power International Group Co LTD)", "score": 16.0, "published": true}, {"hash": "jNivj8uLy8B", "uri": "/contracts/jNivj8uLy8B#performance-guarantee", "label": "Lease Agreement (King Power International Group Co LTD)", "score": 16.0, "published": true}, {"hash": "fbbmPRA6zFA", "uri": "/contracts/fbbmPRA6zFA#performance-guarantee", "label": "Lease Agreement (King Power International Group Co LTD)", "score": 16.0, "published": true}], "size": 16, "hash": "aca72a6a0700e1a0d96688b51f58e16b", "id": 5}, {"snippet_links": [{"key": "the-successful", "type": "clause", "offset": [0, 14]}, {"key": "the-contractor-shall", "type": "clause", "offset": [49, 69]}, {"key": "form-of", "type": "clause", "offset": [81, 88]}, {"key": "contract-sum", "type": "definition", "offset": [221, 233]}, {"key": "the-performance-guarantee", "type": "clause", "offset": [412, 437]}, {"key": "in-case", "type": "clause", "offset": [492, 499]}, {"key": "guarantee-amount", "type": "definition", "offset": [500, 516]}, {"key": "demand-draft", "type": "definition", "offset": [546, 558]}, {"key": "government-securities", "type": "definition", "offset": [617, 638]}, {"key": "deposit-receipts", "type": "definition", "offset": [649, 665]}, {"key": "schedule-bank", "type": "definition", "offset": [677, 690]}, {"key": "guarantee-bond", "type": "clause", "offset": [737, 751]}, {"key": "prescribed-form", "type": "clause", "offset": [783, 798]}, {"key": "security-deposit", "type": "definition", "offset": [883, 899]}, {"key": "defect-liability-period", "type": "clause", "offset": [970, 993]}, {"key": "final-bill", "type": "definition", "offset": [1013, 1023]}, {"key": "after-receipt-of", "type": "clause", "offset": [1147, 1163]}, {"key": "letter-of-acceptance", "type": "definition", "offset": [1164, 1184]}, {"key": "broken-period", "type": "definition", "offset": [1230, 1243]}, {"key": "per-day", "type": "definition", "offset": [1281, 1288]}], "snippet": "The successful tender, here after referred to as the contractor shall pay in the form of \u201cPerformance Guarantee\u201d at different rates for different slabs as stated below: For premium, at par and rebate 0 to 12% PG= 0.92% x contract sum applicable for rebate of 12% For rebate of 12.01% P.G. = {0.92% x contract sum applicable for rebate of 12%} + (X) x contract sum where X= percentage rebate quoted more than 12% The Performance Guarantee shall be paid in one of the following forms.\nI) Cash (In case guarantee amount is less than Rs.10,000/-\nII) Demand Draft (In case guarantee amount is less than Rs.1,00,000/)\nIII) Government securities\nIV) Fixed Deposit Receipts (FDR) of a Schedule Bank.\nV) An electronically issued irrevocable bank guarantee bond of any Schedule bank or in the prescribed form given in Appendix. Performance Guarantee is applicable over and above the clause of Security Deposit. Performance Guarantee will have to be paid & shall be valid till the defect liability period or finalization of final bill whichever is later. This deposit will be allowed in the form of I to V as mentioned above and shall be paid within 15 days after receipt of Letter of Acceptance. The Performance BG shall not be accepted in broken period else penalty amounting to Rs. 1000/- per day will be recovered for broken period.", "samples": [{"hash": "jifG0KWm5n0", "uri": "/contracts/jifG0KWm5n0#performance-guarantee", "label": "Maintenance Agreement", "score": 33.5672531128, "published": true}, {"hash": "cnuhtifirOK", "uri": "/contracts/cnuhtifirOK#performance-guarantee", "label": "Maintenance Agreement", "score": 33.5672531128, "published": true}, {"hash": "VJjoxp2pNs", "uri": "/contracts/VJjoxp2pNs#performance-guarantee", "label": "Maintenance Agreement", "score": 33.5672531128, "published": true}], "size": 14, "hash": "aeb3e8d3c4601042d08891dc90101c8d", "id": 6}, {"snippet_links": [{"key": "the-design", "type": "clause", "offset": [0, 10]}, {"key": "performance-criteria", "type": "definition", "offset": [69, 89]}, {"key": "exhibit-a", "type": "clause", "offset": [100, 109]}, {"key": "performance-guarantee-criteria", "type": "definition", "offset": [116, 146]}, {"key": "performance-test", "type": "definition", "offset": [158, 174]}, {"key": "pursuant-to-the-terms", "type": "clause", "offset": [199, 220]}, {"key": "days-after", "type": "definition", "offset": [255, 265]}, {"key": "the-date-of-substantial-completion", "type": "definition", "offset": [266, 300]}, {"key": "performance-shortfall", "type": "definition", "offset": [316, 337]}, {"key": "design-and-construction-costs", "type": "clause", "offset": [367, 396]}, {"key": "associated-with", "type": "definition", "offset": [397, 412]}, {"key": "right-to-use", "type": "definition", "offset": [474, 486]}, {"key": "sole-discretion", "type": "clause", "offset": [491, 506]}, {"key": "the-method", "type": "definition", "offset": [522, 532]}, {"key": "in-accordance-with", "type": "clause", "offset": [549, 567]}, {"key": "generally-accepted", "type": "clause", "offset": [568, 586]}, {"key": "construction-and-design", "type": "clause", "offset": [587, 610]}, {"key": "build-standards", "type": "definition", "offset": [611, 626]}, {"key": "fuel-ethanol", "type": "definition", "offset": [634, 646]}, {"key": "united-states", "type": "definition", "offset": [671, 684]}, {"key": "related-issues", "type": "definition", "offset": [712, 726]}], "snippet": "The Design-Builder guarantees that the Expansion Plant will meet the performance criteria listed in Exhibit A (the \u201cPerformance Guarantee Criteria\u201d) during a performance test conducted and concluded pursuant to the terms hereof not later than Ninety (90) Days after the date of Substantial Completion. If there is a performance shortfall, Design-Builder will pay all design and construction costs associated with making the necessary corrections. Design-Builder retains the right to use its sole discretion in determining the method (which shall be in accordance with generally accepted construction and design-build standards of the fuel ethanol industry in the Midwest United States) to remedy any performance related issues.", "samples": [{"hash": "laL3yV896SV", "uri": "/contracts/laL3yV896SV#performance-guarantee", "label": "Lump Sum Design Build Expansion Agreement (Golden Grain Energy)", "score": 21.0, "published": true}, {"hash": "jLClfR517Dy", "uri": "/contracts/jLClfR517Dy#performance-guarantee", "label": "Lump Sum Design Build Expansion Agreement (US BioEnergy CORP)", "score": 21.0, "published": true}, {"hash": "ekPZbDT1kAw", "uri": "/contracts/ekPZbDT1kAw#performance-guarantee", "label": "Lump Sum Design Build Expansion Agreement (Little Sioux Corn Processors LLC)", "score": 21.0, "published": true}], "size": 14, "hash": "6d5589a7a7e3577dd749d35fd88ad518", "id": 7}, {"snippet_links": [{"key": "the-concessionaire-shall", "type": "clause", "offset": [0, 24]}, {"key": "due-performance", "type": "definition", "offset": [29, 44]}, {"key": "during-the-construction-phase", "type": "clause", "offset": [64, 93]}, {"key": "provide-to", "type": "clause", "offset": [94, 104]}, {"key": "unconditional-and-irrevocable", "type": "clause", "offset": [132, 161]}, {"key": "bank-guarantee", "type": "definition", "offset": [162, 176]}, {"key": "of-the-concessioning-authority", "type": "clause", "offset": [188, 218]}, {"key": "appendix-9", "type": "definition", "offset": [294, 304]}, {"key": "irrevocable-revolving-letter-of-credit", "type": "clause", "offset": [311, 349]}, {"key": "the-performance-guarantee", "type": "clause", "offset": [435, 460]}, {"key": "sum-of", "type": "clause", "offset": [476, 482]}, {"key": "bid-security", "type": "clause", "offset": [629, 641]}, {"key": "full-force-and-effect", "type": "clause", "offset": [658, 679]}, {"key": "form-of", "type": "clause", "offset": [718, 725]}, {"key": "a-bank", "type": "clause", "offset": [726, 732]}, {"key": "period-of", "type": "definition", "offset": [773, 782]}, {"key": "prior-to", "type": "definition", "offset": [834, 842]}, {"key": "expiry-of", "type": "clause", "offset": [843, 852]}, {"key": "each-year", "type": "definition", "offset": [853, 862]}, {"key": "term-of", "type": "clause", "offset": [882, 889]}, {"key": "in-case-of", "type": "clause", "offset": [1016, 1026]}, {"key": "a-letter-of-credit", "type": "definition", "offset": [1204, 1222]}, {"key": "from-time-to-time", "type": "clause", "offset": [1260, 1277]}, {"key": "amount-of-rs", "type": "clause", "offset": [1291, 1303]}, {"key": "valid-until", "type": "definition", "offset": [1506, 1517]}, {"key": "date-of", "type": "clause", "offset": [1552, 1559]}, {"key": "commercial-operations", "type": "definition", "offset": [1560, 1581]}, {"key": "of-the-concessionaire", "type": "clause", "offset": [1591, 1612]}, {"key": "provide-a", "type": "definition", "offset": [1616, 1625]}, {"key": "in-accordance-with", "type": "clause", "offset": [1708, 1726]}, {"key": "this-article", "type": "definition", "offset": [1727, 1739]}, {"key": "authority-to", "type": "definition", "offset": [1772, 1784]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [1795, 1819]}, {"key": "if-relevant", "type": "clause", "offset": [1829, 1840]}, {"key": "estimated-project-cost", "type": "definition", "offset": [1982, 2004]}], "snippet": "The Concessionaire shall for due performance of its obligations during the Construction Phase provide to Concessioning Authority an unconditional and irrevocable bank guarantee, in favour of the Concessioning Authority encashable and enforceable at [\u25cf]17 substantially in the form set forth in Appendix 9 or an irrevocable revolving letter of credit in the form acceptable to the Concessioning Authority (the \u201cPerformance Guarantee\u201d). The Performance Guarantee shall be for a sum of Rs. [\u25cf] (Rupees [\u25cf] only)18. Till such time the Concessionaire provides to Concessioning Authority the Performance Guarantee pursuant hereto, the Bid Security shall remain in full force and effect. The Performance Guarantee, if in the form of a bank guarantee shall be valid for an initial period of 1 (one) year and shall be renewed 30 (thirty) Days prior to expiry of each year, for an additional term of 1 (one) year. It is clarified that the Concessionaire shall be liable to restore the Performance Guarantee to the full amount in case of part encashment of the same by the Concessioning Authority. This shall be done within 30 (thirty) Days of any such part encashment. The Performance Guarantee, if in the form of a letter of credit shall be irrevocable and replenished from time to time such that an amount of Rs. [\u25cf] (Rupees [\u25cf] only)19 is available in immediate cash to the Concessioning Authority for the entire period of the Construction Phase. The Performance Guarantee furnished under this provision shall be valid until expiry of 6 (six) months from the Date of Commercial Operations. Failure of the Concessionaire to provide a valid Performance Guarantee and/or restore and maintain the Performance Guarantee in accordance with this Article shall entitle the Concessioning Authority to forthwith terminate this Agreement and also if relevant, to forfeit the Bid Security. 17 Place where the performance guarantee shall be enforced and sums thereunder paid 18 Equivalent to 5% of the Estimated Project Cost. 19 Same as 18 above.", "samples": [{"hash": "C4YZHMosCi", "uri": "/contracts/C4YZHMosCi#performance-guarantee", "label": "Concession Agreement", "score": 27.0423851013, "published": true}, {"hash": "fm3WYRx6MyE", "uri": "/contracts/fm3WYRx6MyE#performance-guarantee", "label": "Concession Agreement", "score": 19.0, "published": true}, {"hash": "fQe7bTzMIiv", "uri": "/contracts/fQe7bTzMIiv#performance-guarantee", "label": "Concession Agreement", "score": 19.0, "published": true}], "size": 14, "hash": "476df14b8e0097161f8fac4f8639ab69", "id": 8}, {"snippet_links": [{"key": "the-performance-guarantee", "type": "clause", "offset": [0, 25]}, {"key": "lng-production-rate", "type": "definition", "offset": [34, 53]}], "snippet": "The Performance Guarantee for the LNG Production Rate is as follows:", "samples": [{"hash": "5bbcng2oT6s", "uri": "/contracts/5bbcng2oT6s#performance-guarantee", "label": "Lump Sum Turnkey Agreement", "score": 31.3408622742, "published": true}, {"hash": "7QpvxlM66cf", "uri": "/contracts/7QpvxlM66cf#performance-guarantee", "label": "Lump Sum Turnkey Agreement (Tellurian Inc. /De/)", "score": 28.8658447266, "published": true}, {"hash": "6IVVBtISkZn", "uri": "/contracts/6IVVBtISkZn#performance-guarantee", "label": "Lump Sum Turnkey Agreement (Cheniere Energy Partners, L.P.)", "score": 26.4948673248, "published": true}], "size": 13, "hash": "6427fc54ceb4f389303d11e4219ec2f2", "id": 10}, {"snippet_links": [{"key": "the-performance-guarantee", "type": "clause", "offset": [5, 30]}, {"key": "pursuant-to", "type": "clause", "offset": [75, 86]}, {"key": "general-conditions", "type": "definition", "offset": [101, 119]}, {"key": "equal-to", "type": "definition", "offset": [143, 151]}, {"key": "basic-contract-value", "type": "definition", "offset": [178, 198]}, {"key": "one-year", "type": "definition", "offset": [241, 249]}, {"key": "the-basic-contract", "type": "clause", "offset": [258, 276]}, {"key": "divided-by", "type": "clause", "offset": [283, 293]}, {"key": "number-of-years", "type": "definition", "offset": [298, 313]}, {"key": "basic-frame-contract-period", "type": "definition", "offset": [321, 348]}, {"key": "in-effect", "type": "clause", "offset": [367, 376]}, {"key": "days-after", "type": "definition", "offset": [394, 404]}, {"key": "warranty-period", "type": "clause", "offset": [427, 442]}, {"key": "goods-and-or-services", "type": "definition", "offset": [451, 472]}, {"key": "in-the-event-of", "type": "definition", "offset": [530, 545]}, {"key": "extension-of-the", "type": "clause", "offset": [549, 565]}, {"key": "in-accordance-with", "type": "clause", "offset": [596, 614]}, {"key": "paragraph-2", "type": "definition", "offset": [615, 626]}, {"key": "the-supplier-shall", "type": "clause", "offset": [635, 653]}, {"key": "deliver-to", "type": "definition", "offset": [654, 664]}, {"key": "extension-period", "type": "clause", "offset": [719, 735]}, {"key": "additional-period", "type": "definition", "offset": [787, 804]}, {"key": "draw-order", "type": "definition", "offset": [866, 876]}, {"key": "the-purchaser-shall", "type": "clause", "offset": [905, 924]}, {"key": "in-exchange", "type": "clause", "offset": [975, 986]}, {"key": "new-performance-guarantee", "type": "definition", "offset": [993, 1018]}, {"key": "the-value", "type": "clause", "offset": [1069, 1078]}, {"key": "services-supplied", "type": "clause", "offset": [1125, 1142]}, {"key": "contract-in-the", "type": "clause", "offset": [1159, 1174]}, {"key": "last-year", "type": "definition", "offset": [1175, 1184]}, {"key": "the-period", "type": "clause", "offset": [1220, 1230]}, {"key": "to-exercise", "type": "clause", "offset": [1296, 1307]}, {"key": "applicable-exchange-rate", "type": "clause", "offset": [1491, 1515]}, {"key": "bank-of", "type": "clause", "offset": [1537, 1544]}, {"key": "working-day", "type": "clause", "offset": [1566, 1577]}, {"key": "prior-to-the", "type": "clause", "offset": [1578, 1590]}, {"key": "issuance-of-the-option", "type": "clause", "offset": [1599, 1621]}, {"key": "provide-to", "type": "clause", "offset": [1658, 1668]}, {"key": "of-purchaser", "type": "clause", "offset": [1742, 1754]}, {"key": "exercise-of-the-option", "type": "clause", "offset": [1757, 1779]}, {"key": "due-performance", "type": "definition", "offset": [1813, 1828]}, {"key": "form-of", "type": "clause", "offset": [1851, 1858]}, {"key": "standby-letter-of-credit", "type": "definition", "offset": [1876, 1900]}, {"key": "terms-of", "type": "definition", "offset": [1906, 1914]}, {"key": "set-out", "type": "definition", "offset": [1925, 1932]}, {"key": "first-class", "type": "definition", "offset": [1991, 2002]}, {"key": "insurance-company", "type": "definition", "offset": [2023, 2040]}, {"key": "by-the-purchaser", "type": "clause", "offset": [2050, 2066]}, {"key": "option-value", "type": "clause", "offset": [2139, 2151]}, {"key": "option-period", "type": "definition", "offset": [2236, 2249]}, {"key": "from-time-to-time", "type": "clause", "offset": [2352, 2369]}, {"key": "adjusted-option-price", "type": "definition", "offset": [2385, 2406]}, {"key": "issuance-of-change-orders", "type": "clause", "offset": [2419, 2444]}], "snippet": "6.1. The performance guarantee, delivered by the supplier to the Purchaser pursuant to Annexure \u201cA\u201d (General Conditions) shall be in an amount equal to ten percent (10%) of the \u201cBasic Contract Value\u201d (excluding flexibilities and/or VAT) for one year, (being the Basic Contract Value divided by the number of years in the Basic Frame Contract Period) and shall remain in effect until sixty (60) days after the expiration of the warranty period for the Goods and/or Services, supplied during the \u201cBasic Frame Contract Period\u201d.\n6.2. In the event of an extension of the \u201cBasic Frame Contract Period\u201d in accordance with paragraph 2, above, the supplier shall deliver to the Purchaser, within the first fourteen days of the \u201cExtension Period\u201d, an extension of the performance guarantee for an additional period equal to the Extension Period.\n6.3. After supply of the last draw order, at the supplier\u2019s request, the Purchaser shall relinquish the performance guarantee, held by it, in exchange for a new performance guarantee, to its satisfaction, in an amount equal to 5% of the value of the actual Goods/Products/Equipment and/or Services supplied under the Order/Contract in the last year, that shall remain in effect until the period mentioned in article 6.1 above.\n6.4. Where Purchaser has decided to exercise an option in accordance with Paragraph 2 above and its value exceeds US$ 500,000 or NIS1,700,000 (excluding flexibilities and/or VAT) or its equivalent in NIS (in accordance with the applicable exchange rate, as set forth by the Bank of Israel, on the first working day prior to the date of issuance of the option), the Supplier hereby undertakes to provide to the Purchaser, at Supplier's expense, immediately upon receipt of notice of Purchaser's exercise of the option, a performance guarantee for the due performance of the option, in the form of an unconditional standby letter of credit (the terms of which are set out in Annexure \u201cE1\u201d attached to the Order), to be given by a first class bank or a qualified insurance company approved by the Purchaser, in an amount equal to 10% (excluding flexibilities and/or VAT) of the \"Option Value\". The performance guarantee shall remain valid 60 days after the expiration of the \"Option Period\" or 60 days, after the expiration of the warranty period, the latter. Said guarantee shall be amended from time to time to reflect the adjusted option price, due to the issuance of change orders;", "samples": [{"hash": "6HwrhTJXhIZ", "uri": "/contracts/6HwrhTJXhIZ#performance-guarantee", "label": "Framework Agreement", "score": 23.5352497101, "published": true}, {"hash": "f7aSgq30Lwt", "uri": "/contracts/f7aSgq30Lwt#performance-guarantee", "label": "Framework Agreement", "score": 23.3148536682, "published": true}], "size": 14, "hash": "2a5a0f1049fef31ca9c815f67474586c", "id": 9}], "next_curs": "Cl4SWGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjoLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih5wZXJmb3JtYW5jZS1ndWFyYW50ZWUjMDAwMDAwMGEMogECZW4YACAA", "clause": {"children": [["", ""], ["performance-guarantee", "Performance Guarantee"], ["foreign-cases", "Foreign cases"], ["indigenous-cases", "Indigenous cases"], ["severability", "Severability"]], "parents": [["performance-guarantee", "Performance Guarantee"], ["performance-security", "Performance Security"], ["miscellaneous", "Miscellaneous"], ["guarantees", "GUARANTEES"], ["miscellaneous-provisions", "Miscellaneous Provisions"]], "title": "Performance Guarantee", "size": 1512, "id": "performance-guarantee", "related": [["performance-guaranty", "Performance Guaranty", "Performance Guaranty"], ["performance-guarantees", "Performance Guarantees", "<strong>Performance Guarantees</strong>"], ["parent-guarantee", "Parent Guarantee", "Parent Guarantee"], ["price-guarantee", "PRICE GUARANTEE", "PRICE GUARANTEE"], ["payment-guarantee", "Payment Guarantee", "Payment Guarantee"]], "related_snippets": [], "updated": "2026-04-24T04:48:06+00:00", "also_ask": ["What are the most effective negotiation levers when setting the scope and duration of a performance guarantee?", "Which essential terms must be included to ensure the guarantee is both enforceable and commercially viable?", "What are the most common pitfalls or fatal flaws that could render a performance guarantee unenforceable?", "How do performance guarantee standards differ across key jurisdictions or under different governing laws?", "What evidentiary thresholds must be met in court to successfully enforce a performance guarantee?"], "drafting_tip": "Specify guarantee terms and conditions to ensure clarity; define trigger events for enforcement to avoid disputes; set liability limits to manage risk exposure.", "explanation": "A Performance Guarantee clause requires one party, typically a contractor or supplier, to provide assurance that they will fulfill their contractual obligations to a specified standard. This assurance is often provided in the form of a bank guarantee, surety bond, or other financial instrument, which can be claimed by the other party if the agreed performance is not met. The core function of this clause is to protect the beneficiary from losses due to non-performance or substandard work, thereby allocating risk and incentivizing proper completion of the contract."}, "json": true, "cursor": ""}}