Performance Security / Security Deposit definition

Performance Security / Security Deposit means monetary guarantee to be furnished by the Supplier for due performance of the terms of contract.
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Performance Security / Security Deposit means monetary or financial guarantee to be furnished by the Successful Bidder/Operator for due performance of the contract placed on it. Performance Security is also known as Interest Free Security Deposit;
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Performance Security / Security Deposit means monetary guarantee to be furnished by the
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Examples of Performance Security / Security Deposit in a sentence

  • The validity of the Bank Guarantee, if submitted by the Contractor, in lieu of Performance Security / Security Deposit shall be extended in pursuant to Clause No. 4.3 taking into consideration the period of extension.

  • If our Bid is accepted, we will provide the "Contract Performance Security / Security Deposit" equal to " of the Contract Price" or as mentioned in Tender Document for the due performance within "thirty [30] days" of such Award.

  • Upon the successful Bidder's / Contractor's furnishing of 'Contract Performance Security / Security Deposit', pursuant to "ITB: Clause-38", GAIL will promptly discharge his 'Earnest Money / Bid Security', pursuant to "ITB: Clause-16".

  • Upon the successful Bidder's / Contractor's furnishing of 'Contract Performance Security / Security Deposit', pursuant to "ITB: Clause-38", GAIL will promptly discharge his '▇▇▇▇▇▇▇ Money / Bid Security', pursuant to "ITB: Clause-16".

  • The validity of the Bank Guarantee, if submitted by the Contractor, in lieu of Performance Security / Security Deposit shall be extended in pursuant to Clause No.4.3 taking into consideration the period of extension.


More Definitions of Performance Security / Security Deposit

Performance Security / Security Deposit means the irrevocable and unconditional bank guarantee provided by the Consultant, on a specialised format provided by the client, from a scheduled Indian bank as guarantee for the performance of its obligations in respect of the Contract;
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