CONSTRUCTION GUARANTEE definition

CONSTRUCTION GUARANTEE means a guarantee at call obtained by the contractor from an institution approved by the employer in terms of the employer's construction guarantee form as selected in the schedule

CONSTRUCTION GUARANTEE is amended by replacing it with the following:

CONSTRUCTION GUARANTEE means a guarantee at call obtained by the contractor from an institution approved by the employer in terms of the employer's construction guarantee form as selected in the schedule Clause 1.1 Definition of "Construction Period" is amended by replacing it with the following:

Examples of CONSTRUCTION GUARANTEE in a sentence

• C1.3 Construction Guarantee GUARANTOR DETAILS AND DEFINITIONS Guarantor means .

• This Construction Guarantee is neither negotiable nor transferable and shall expire in terms of either 1.1.4 or 2.1, or payment in full of the Guaranteed Sum or on the Guarantee expiry date, whichever is the earlier, where after no claims will be considered by the Guarantor.

• Bid security shall be issued by any of the Commercial Bank approved by the Central Bank of Sri Lanka.• A bank operating in Sri Lanka.• A bank based in another country but the guarantee ―confirmed‖ by a bank operating in Sri Lanka.• Construction Guarantee Fund.• Insurance Agencies.c. Bid security shall be in accordance with the format given in section IV.

• Maximum Guaranteed Sum (not exceeding 10 % of the contract sum) in From and including the date of issue of the amount of: this Construction Guarantee and up to .

More Definitions of CONSTRUCTION GUARANTEE

CONSTRUCTION GUARANTEE means guarantee at call obtained by the contractor from an institution approved by the employer in terms of the employer's construction guarantee form as selected in the schedule

CONSTRUCTION GUARANTEE means a fixed amount on-demand guarantee in accordance with the draft included within the tender documents, obtained by the contractor from an institution approved by the employer for the amount determined in terms of 14.0.

CONSTRUCTION GUARANTEE means guarantee at call obtained by the contractor from an institution approved by the employer in terms of the employer's construction guarantee form as selected in the schedule Clause 1.1 Definition of "Construction Period" is amended by replacing it with Carried to Collection R Section No. 1 PRELIMINARIES Bill No. 1 PRELIMINARIES Completion of Lepelle Municipal Office the following:

CONSTRUCTION GUARANTEE has the meaning assigned to it in the Collateral Agency Agreement.

CONSTRUCTION GUARANTEE means the Guarantee, dated as of November 21, 2017, provided by the Construction Guarantor in favor of the Borrower.

CONSTRUCTION GUARANTEE means the guarantee granted by the Construction Guarantor in favour of the Contractor;

CONSTRUCTION GUARANTEE means “Performance Guarantee” means “Service fee” means [ ]