Alternative Forms of Security. A. In lieu of a bid, payment, or performance bond, a bidder may furnish a certified check or cash escrow in the face amount required for the bond.
Alternative Forms of Security. Any bid bond, payment bond or performance bond required under the Contract Documents may be provided in the form of a certified check, cashier’s check, or cash escrow in the face amount required for the bond and conditioned as required for a surety bond. Any bid bond, payment bond or performance bond required under the Contract Documents may be in the form of a personal bond, property bond, or bank or savings institution’s letter of credit on certain designated funds in the face amount required for the bond, but only if approved by the Arlington Public Schools Attorney. Approval shall be granted only upon a determination that the alternative form of security proffered affords protection to the Arlington Public Schools equivalent to a corporate surety’s bond.
Alternative Forms of Security. Any Performance Bond required under the Contract Documents may be provided in the form of a certified check, cashier’s check, or cash escrow in the face amount required for the bond and conditioned as required for a surety bond. Any Performance Bond required under the Contract Documents may be in the form of a personal bond, property bond, or bank or savings institution’s letter of credit on certain designated funds in the face amount required for the bond, but only if approved by the Arlington Public Schools Attorney. Approval shall be granted only upon a determination that the alternative form of security proffered affords protection to the Arlington Public Schools equivalent to a corporate surety’s bond.
Alternative Forms of Security. The Construction Contractor may satisfy its obligations under Part 2, Section 9.3.1.a, in a manner that provides security at least equivalent (including with respect to the amount thereof) to the security required to be provided pursuant to Part 2, Section 9.3.2.b, by delivering to the Developer for its Acceptance, and for delivery to the Enterprises for their Acceptance:
Alternative Forms of Security. The O&M Contractor may satisfy its obligations under Part 2, Section 9.3.1.a, in a manner that provides security at least equivalent (including with respect to the amount thereof) to the security required to be provided pursuant to Part 2, Section 9.3.2.b, by delivering to the Developer for its Acceptance, and for delivery to the Enterprises for their Acceptance:
