Security for Utility Adjustment Costs; Insurance. 6.8.9.1 Upon request from a Utility Owner entitled to reimbursement of Utility Adjustment costs, DB Contractor shall, at its sole cost, provide security for such reimbursement by way of a payment bond, letter of credit or retention account, in such amount and on such terms as are negotiated in good faith between DB Contractor and the Utility Owner.
Appears in 5 contracts
Samples: Design Build Agreement, Design Build Agreement, Design Build Agreement
