Common use of Sureties Clause in Contracts

Sureties. The Employer may withhold payment of amounts due to the Contractor until the bond or guarantee required in terms of this contract has been received and accepted by the person notified to the Contractor by the Service Manager to receive and accept such bond or guarantee. Such withholding of payment due to the Contractor does not affect the Employer’s right to termination stated in this contract.

Appears in 24 contracts

Sources: Nec3 Term Service Contract (Tsc3), Nec3 Term Service Contract (Tsc3), Nec3 Term Service Contract

Sureties. The Employer may withhold payment of amounts due to the Contractor until the bond or guarantee required in terms of this contract has been received and accepted by the person notified to the Contractor by the Service Project Manager to receive and accept such bond or guarantee. Such withholding of payment due to the Contractor does not affect the Employer’s right to termination stated in this contract.

Appears in 8 contracts

Sources: Nec3 Engineering & Construction Contract, Nec3 Engineering & Construction Contract, Nec3 Engineering & Construction Contract

Sureties. The Employer may withhold payment of amounts due to the Contractor until the bond or guarantee required in terms of this contract has been received and accepted by the person notified to the Contractor by the Service Manager to receive and accept such bond or guarantee. Such withholding of payment due to the Contractor does not affect the Employer’s right to termination stated in this contract.

Appears in 3 contracts

Sources: Nec3 Term Service Contract, Nec3 Engineering & Construction Contract, Nec3 Term Service Contract (Tsc3)

Sureties. The Employer may withhold payment of amounts due to the Contractor until the bond or guarantee required in terms of this contract has been received and accepted by the person notified to the Contractor by the Service Project Manager to receive and accept such bond or guarantee. Such withholding of payment due to the Contractor does not affect the Employer’s right to termination stated in this contract.. The Contractor provides the bonds and guarantees as agreed to within 2 weeks after the Contract Date

Appears in 1 contract

Sources: Nec3 Engineering & Construction Contract

Sureties. The Employer may withhold payment of amounts due to the Contractor until the bond or guarantee required in terms of this contract has been received and accepted by the person notified to the Contractor by the Service Project Manager to receive and accept such bond or guarantee. Such withholding of payment due to the Contractor does not affect the Employer’s right to termination stated in this contractContract.

Appears in 1 contract

Sources: Nec3 Engineering & Construction Contract

Sureties. The Employer may withhold payment of amounts due to the Contractor until the bond or guarantee required in terms of this contract has been received and accepted by the person notified to the Contractor by the Service Project Manager to receive and accept such bond or guarantee. Such withholding of payment due to the Contractor does not affect the Employer’s right to termination stated in this contract. Not applicable to this contract • The contractor should keep all the contract records related to payments for the duration of the contract for audit purposes.

Appears in 1 contract

Sources: Nec3 Engineering & Construction Contract

Sureties. The Employer may withhold payment of amounts due to the Contractor until the bond or guarantee required in terms of this contract has been received and accepted by the person notified to the Contractor by the Service Project Manager to receive and accept such bond or guarantee. Such withholding of payment due to the Contractor does not affect the Employer’s Employer‟s right to termination stated in this contract.

Appears in 1 contract

Sources: Nec3 Engineering & Construction Contract