Works Performance Guarantee Clause Samples

Works Performance Guarantee. 16.2.1 The Concessionaire shall deliver to the Grantor, thirty (30) days prior to the commencement of any Works, the relevant Works Performance Guarantee issued from an Acceptable Bank for an amount equal to 10% of the rolling amount of such Works. The Works Performance Guarantee shall be issued for a period adequate to the completion and inspection of such Works, substantially in the form and with the content as has been agreed by the Parties and is attached as Part 1 of Appendix 14 (