Bond Reduction Sample Clauses
Bond Reduction. Upon Purchaser’s writ- ten request, Contracting Officer shall redetermine the amount of Purchaser’s performance bond to an amount not less than Purchaser’s remaining obligations, including the value of Included Timber remaining on Sale Area, plus the estimated cost of uncompleted work required of Purchaser and any unpaid ▇▇▇▇▇▇▇▇ due on the timber sale. Contracting Officer shall provide written notice of the re- determined amount to Purchaser and to Purchaser’s surety. Similarly, Contracting Officer shall report to Pur- chaser in writing the amount of deposited cash or depos- ited securities required thereafter, if such deposits exist in lieu of a surety bond.
Bond Reduction. Upon Contractor’s written request, Contracting Officer shall redetermine the amount of Contractor’s performance bond to an amount not less than Contractor’s remaining obligations, including the value of Included Timber remaining on Contract Area, plus the estimated cost of uncompleted work required of Contractor and any unpaid ▇▇▇▇▇▇▇▇ due on the contract. Contracting Officer shall provide written notice of the redetermined amount to Contractor and to Contractor’s surety. Similarly, Contracting Officer shall report to Contractor in writing the amount of deposited cash or deposited securities required thereafter, if such deposits exist in lieu of a surety bond.
Bond Reduction. Upon Contractor’s written request, Contracting Officer shall redetermine the amount of Contractor’s performance bond to an amount not less than Contractor’s remaining obliga- tions, including the value of Included Timber remaining on Contract Area, plus the estimated cost of uncom- pleted work required of Contractor and any unpaid ▇▇▇▇▇▇▇▇ due on the contract. Contracting Officer shall provide written notice of the redetermined amount to Contractor and to Contractor’s surety. Similarly, Con- tracting Officer shall report to Contractor in writing the amount of deposited cash or deposited securities re- quired thereafter, if such deposits exist in lieu of a surety bond. As soon as security for the performance of this con- tract or the settlement of Claims incident thereto is no longer necessary, appropriate notice shall be given to surety or deposits that may have been made in lieu of surety bond shall be returned to Contractor, subject to the conditions in B9.5.
Bond Reduction. Upon Contractor’s writ- ten request, Contracting Officer shall redetermine the amount of Contractor’s performance bond to an amount not less than Contractor’s remaining obligations, including
Bond Reduction. (8/21) Upon Purchaser’s written request, Contracting Officer shall redetermine the amount of Purchaser’s performance bond to an amount not less than Purchaser’s remaining obligations, including the value of Included Timber remaining on Sale Area, plus the estimated cost of uncompleted work required of Purchaser and any unpaid ▇▇▇▇▇▇▇▇ due on the timber sale. Contracting Officer shall provide written notice of the redetermined amount to Purchaser and to Purchaser’s surety. Similarly, Contracting Officer shall report to Purchaser in writing the amount of deposited cash required thereafter if such deposits exist in lieu of a surety bond.
Bond Reduction. Upon Purchaser’s written request, Contracting Officer shall redetermine the amount of Purchaser’s performance bond to an amount not less than Purchaser’s remaining obligations, including the value of In- cluded Timber remaining on Sale Area, plus the estimated cost of uncompleted work required of Purchaser and any un- paid ▇▇▇▇▇▇▇▇ due on the timber sale. Contracting Officer shall provide written notice of the redetermined amount to Pur- chaser and to Purchaser’s surety. Similarly, Contracting Officer shall report to Purchaser in writing the amount of depos- ited cash or deposited securities required thereafter, if such deposits exist in lieu of a surety bond.
Bond Reduction. Upon Contractor’s written request, Contracting Officer shall redetermine the amount of Contractor’s performance bond to an amount not less than Contractor’s remaining obliga- tions, including the value of Included Timber remaining on Contract Area, plus the estimated cost of uncom- pleted work required of Contractor and any unpaid ▇▇▇▇▇▇▇▇ due on the contract. Contracting Officer shall provide written notice of the redetermined amount to Contractor and to Contractor’s surety. Similarly, Con- tracting Officer shall report to Contractor in writing the amount of deposited cash or deposited securities re- quired thereafter, if such deposits exist in lieu of a surety bond. 141 Contract FS-2400-13 (10/2019)
Bond Reduction. Upon Purchaser's writ ten request, Contracting Officer shall redetermine the amount of Purchaser's performance bond to an amount not less than Purchaser's remaining obligations, including the value of Included Timber remaining on Sale Area, plus the estimated cost of uncompleted work required of Purchaser and any unpaid ▇▇▇▇▇▇▇▇ due on the timber sale. Contracting Officer shall provide written notice of the re determined amount to Purchaser and to Purchaser's surety. Similarly, Contracting Officer shall report to Pur chaser in writing the amount of deposited cash or depos ited securities required thereafter, if such deposits exist in lieu of a surety bond. As soon as security for the performance of this con tract or the settlement of Claims incident thereto is no longer necessary, appropriate notice shall be given to surety or deposits that may have been made in lieu of surety bond shall be returned to Purchaser, subject to the conditions in BT9.5.
Bond Reduction. A22 - List of Special Provisions
Bond Reduction. (8/21) Upon Purchaser’s written request, Contracting Officer shall redetermine the amount of Purchaser’s performance bond to an amount not less than Purchaser’s remaining obligations, including the value of Included Timber remaining on Sale Area, plus the estimated cost of uncompleted work required of Purchaser and any unpaid ▇▇▇▇▇▇▇▇ due on the timber sale. Contracting Officer shall provide written notice of the redetermined amount to Purchaser and to Purchaser’s surety. Similarly, Contracting Officer shall report to Purchaser in writing the amount of deposited cash required thereafter if such deposits exist in lieu of a surety bond. As soon as security for the performance of this contract or the settlement of Claims incident thereto is no longer necessary, appropriate notice shall be given to surety or deposits that may have been made in lieu of surety bond shall be returned to Purchaser, subject to the conditions in B9.5. Fence will be replaced in kind to what is existing on the ground. Fence can be relocated below the road prism where needed. • Post spacing: A post spacing of 10’ is required except at corners, turns and line bracing locations where posts will be 8’ apart. Existing post holes should be used to the greatest extent possible. If extensive deviation from this spacing is anticipated, Contractor shall contact COR or CO for approval. Any holes unused must be filled in. • Wood posts: ▇▇▇▇▇▇▇ fir, Western larch, Western red cedar or Lodgepole pine will be used. All posts must conform to the latest WWPA Grading Rules for western lumber. All posts will be incised and pressure treated with water borne preservative in accordance with AWPA (American Wood Protection Association) use category UC4A for ground contact general use. Wooden posts will be a minimum of 6.5’ long with a 3-inch-minimum-top diameter. Corners and brace post will have top diameters of at least 7 inches. All post holes will be six inches larger than the post diameter and a minimum of 2’ deep. Earth backfill around posts shall be thoroughly tamped in layers not to exceed four inches and shall completely fill the post hole up to the ground surface.