Common use of Extended Warranties Clause in Contracts

Extended Warranties. In addition to the obligations stated in Division 1, Section 4, Subsection 49.0, for all warranties extending beyond the standard one year period, as outlined in the Tender Documents, the Contractor shall provide Performance Assurance for the full duration of the longest Extended Warranty period. The combined Performance Assurance for the Extended Warranty period(s) for this particular Contract shall be in the form of a Certified Cheque, Irrevocable Standby Letter of Credit, Bank Draft, Money Order, or Contract Maintenance Bond for ten percent (10%) of the Contract value. Performance Assurance for the extended warranty period shall be delivered to the Engineer at least thirty (30) days prior to the beginning of the Extended Warranty Period. On this Contract, contrary to the Department’s Standard Specification, Division 1, Section 3, Subsection 6.0 – Contract Security, the option to reduce Contract Security from 10% to 5% shall not be permitted.

Extended Warranties. In addition to the obligations stated in Division 1, Section 4, Subsection 49.0, for all warranties extending beyond the standard one one-year period, as outlined in the Tender Documents, the Contractor shall provide Performance Assurance for the full duration of the longest Extended Warranty period. The combined Performance Assurance for the Extended Warranty period(s) for this particular Contract shall be in the form of a Certified Cheque, Irrevocable Standby Letter of Credit, Bank Draft, Money Order, or Contract Maintenance Bond for ten percent (10%) of the Contract value. Performance Assurance for the extended warranty period shall be delivered to the Project Engineer at least thirty (30) days prior to the beginning of the Extended Warranty Period. On this Contract, contrary to the Department’s Standard Specification, Division 1, Section 3, Subsection 6.0 – Contract Security, the option to reduce Contract Security from 10% to 5% shall not be permitted.