Common use of Security for Defects Liability Clause in Contracts

Security for Defects Liability. (a) Prior to the issue of a Certificate of Practical Completion for each item of the Works the Developer must deliver to the Council Bonds or Bank Guarantees in an amount equivalent to 25% of the construction costs for the particular item of Works.

Security for Defects Liability. (a) Prior to the issue of a Certificate of Practical Completion for each item of the Works the Developer must deliver to the Council Bonds or Bank Guarantees in an amount equivalent to 252.5% of the construction costs for the particular item of Works.

Security for Defects Liability. (a) Prior to the issue of a Certificate of Practical Completion for each item of the Works the Developer must deliver to the Council Bonds or Bank Guarantees in an amount equivalent to 252.5% of the construction costs for the particular item of Works.

Security for Defects Liability. (a) Prior to the issue of a Certificate of Practical Completion for each item of the Works the Developer Applicant must deliver to the Council Bonds or Bank Guarantees in an amount equivalent to 252.5% of the construction costs for the particular item of Works.

Security for Defects Liability. (a) Prior to the issue of a Certificate of Practical Completion for each item of the Works the Developer must deliver to the Council Bonds or Bank Guarantees in an amount equivalent to 252.5% of the construction costs for the particular item of Works, as certified by a Quantity Surveyor.

Security for Defects Liability. (a) Prior to the issue of a Certificate of Practical Completion for each item in respect of the relevant Works Item the Developer must deliver to the Council Bonds or Bank Guarantees Security in an amount equivalent to 252.5% of the construction costs for Works Value of the particular item of Worksrelevant Works Item.

Security for Defects Liability. (a) Prior to the issue of a Certificate of Practical Completion for each item of the Works the Developer Landowner must deliver to the Council Bonds or Bank Guarantees in an amount equivalent to 252.5% of the construction costs for the particular item of Works.

Security for Defects Liability. (a) Prior to the issue of a Certificate of Practical Completion for each item of the Works the Developer Landowner must deliver to the Council Bonds or Bank Guarantees in an amount equivalent to 25% of the construction costs for the particular item of Works.