Guarantee of the Work Clause Samples

The Guarantee of the Work clause establishes the contractor's obligation to ensure that the completed work meets specified standards and is free from defects for a defined period after completion. Typically, this clause requires the contractor to repair or replace any faulty workmanship or materials discovered within the warranty period, often one year, at no additional cost to the client. Its core function is to protect the client by holding the contractor accountable for the quality and durability of the work, thereby reducing the risk of future defects and associated costs.
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Guarantee of the Work. The Developer agrees to guarantee and warrant all work performed under this contract for a period of 14 months from the date of substantial completion of the public improvements completed by the Developer under this Agreement against defects in workmanship or materials. If any defect should appear during this guarantee period, the Developer shall make required replacement or acceptable repairs of the defective work at its own expense. This expense includes total and complete restoration of any disturbed surface or component of the improvement to the standard provided in the plans and specifications, regardless of Improvements on lands where the repairs or replacement is required. The surety as identified in Section 13 shall remain in force for a period of time equal to 14 months after the date the public improvements for which the security is provided are substantially completed. Upon substantial completion of the public improvements, the amount of security the Developer is required to provide shall be an amount equal to 10% of the total cost of the completed public improvements. For purposes of this section, “substantial completion” means the time the binder coat is installed on roads to be dedicated or, if the required public improvements do not include a road to be dedicated, the time that 90% of the public improvements by cost are completed. All guarantees or warranties for materials or workmanship which extend beyond the guarantee period shall be assigned by the Developer to the Municipality (as beneficiary).
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Guarantee of the Work. The Developer agrees to guarantee and warrant all work performed under this Agreement against defects in workmanship or materials for a period of fourteen (14) months from the date of substantial completion7 of the Improvements. If any defect should appear during the guarantee period, as determined in the reasonable discretion of the Village Engineer (or designee), ▇▇▇▇▇▇▇▇▇ agrees to make required replacement or acceptable repairs of the defective work at the Developer’s own expense. Furthermore, following such notice to and repair by the Developer, the guarantee period shall be extended for an additional fourteen (14) month period from the date of Developer’s completion of the repair. All guaranties or warranties for materials or
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Guarantee of the Work. A. The Developer does hereby guarantee and warrant all work performed under this contract for a period of fourteen months from the date of acceptance by the City of the Improvements completed by the Developer under this Agreement against defects in workmanship or materials, with the guarantee period to commence with respect to a particular Improvement or set of Improvements on the date of acceptance of that Improvement or set of Improvements by the City. With respect to sidewalks and trees, the fourteen month guarantee period will commence when the last of the sidewalks and trees are installed/planted. If any defect should appear during the guarantee period, the Developer agrees to make required replacement or acceptable repairs of the defective work at his own expense as soon as practicable. This expense includes total and complete restoration of any disturbed surface or component of the Improvements (and, if necessary as determined by the City , any adjacent property) to the standard provided in the plans and specifications. In the event that the Developer fails to install the required replacements or perform the repairs, the City may do so and draw the cost thereof from the surety, in addition to any other remedies available to the City. B. All guarantees or warranties for materials or workmanship received by Developer that extend beyond the above fourteen(14) month guarantee period shall be assigned by the Developer to the City as beneficiary.
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Guarantee of the Work. The Developer agrees to guarantee and warrant all work performed under this contract for a period of one year from the date of final acceptance by the Town of the last improvement completed by the Developer under this Agreement, against all defects in workmanship or materials. If any defect should appear during the guarantee period, the Developer agrees to make required replacement or acceptable repairs of the defective work at his own expense. This expense includes total and complete restoration of any disturbed surface or component of the improvement to the standard provided in the plans and specifications, regardless of improvements on lands where the repairs or replacement is required. All guarantees or warranties for materials or workmanship which extend beyond the above one year guarantee period shall be assigned by the Developer to the Town (as beneficiary).
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Guarantee of the Work. The Subdivider agrees to guarantee and warrant all work performed under this contract for a period of one year from the date of final acceptance by the Municipal Board of the last improvement completed by the Subdivider under this Agreement against defects in workmanship or materials. If any defect should appear during the guarantee period, the Subdivider agrees to make required replacement or acceptable repairs of the defective work at his/her/their own expense. This expense includes total and complete restoration of any disturbed surface or component of the improvement to the standard provided in the plans and specifications, regardless of Improvements on lands where the repairs or replacement is required. The letter of credit or other approved surety shall remain in force for the full length of time that any Phase remains to be completed; in addition, a portion of the letter of credit deemed adequate by the Municipal Engineer shall remain in force for a minimum of the one year guarantee period. All guarantees or warranties for materials or workmanship which extend beyond the above one year guarantee period shall be assigned by the Subdivider to the Municipality (as beneficiary).
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Guarantee of the Work. The Developer agrees to guarantee and warrant all work performed under this Agreement against defects in workmanship or materials for a period of fourteen (14) months from the date of substantial completion14 of the Public Improvements. If any defect should appear during the guarantee period, as determined in the reasonable discretion of the Village Engineer, the Developer agrees to make required replacement or acceptable repairs of the defective work at the Developer’s own expense. Furthermore, following such notice to and repair by the Developer, the guarantee period shall be extended for an additional fourteen (14) month period from the date of Developer’s 13 See Wis. Stat. § 236.13, as amended, which applies to all preliminary and final plats as of August 1, 2014. Pursuant thereto, “substantial completion” is defined as follows: “(P)ublic improvements reasonably necessary for a project or a phase of a project are considered to be substantially completed at the time the binder course is installed on roads to be dedicated or, if the required public improvements do not include a road to be dedicated, at the time that 90% of the public improvements by costs are completed.”
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Guarantee of the Work. The Developer agrees to guarantee all work performed under this contract, except tree and shrubbery planting, for a period of one year from the date of final acceptance by the City Common Council, against defects in workmanship or materials. If any defect should appear during the guarantee period, the Developer agrees to make required replacement or acceptable repairs of the defective work at his own expense. This expense includes total and complete restoration of any disturbed surface or component of the improvement to the standard provided in the plans and specifications, regardless of improvements on lands where the repairs or replacement is required. The Developer agrees to guarantee all tree and shrubbery planting for a period of two years from the date of final acceptance by the City Common Council, in accordance with Section 209.6 of the City of Madison Standard Specifications for Public Works Construction.
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Guarantee of the Work. Developer agrees to guarantee and warrant all work performed under this Agreement for a period of two (2) years from the date of final acceptance by the Village Board of the last Improvement completed by Developer under this Agreement against defects in workmanship or materials. If any defect should appear during the guarantee period, Developer agrees to make required replacement or acceptable repairs of the defective work at its own expense. This expense includes total and complete restoration of any disturbed surface or component of the Improvement to the standard provided in the plans and specifications, regardless of Improvements on lands where the repairs or replacement is required. The Financial Assurance shall remain in force for the full length of time that any construction of Improvements remains to be completed; in addition, a portion of the Financial Assurance in an amount approved by the Village Engineer, not to exceed 10% of the cost of the Improvements plus any uncompleted work shall remain in force for a period of 14 months. All guarantees or warranties for materials or workmanship which extend beyond the above two (2) year guarantee period shall be assigned by Developer to the Village (as beneficiary).
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Related to Guarantee of the Work

  • Guarantee of Obligations (a) Each Guarantor hereby (i) guarantees, as principal obligor and not as surety only, to the Banks the prompt payment of the principal of and any and all accrued and unpaid interest (including interest which otherwise may cease to accrue by operation of any insolvency law, rule, regulation or interpretation thereof) on the Advances and all other obligations of each Borrower to the Banks and the Agent under this Agreement when due, whether by scheduled maturity, acceleration or otherwise, all in accordance with the terms of this Agreement and the Notes, including, without limitation, default interest, indemnification payments and all reasonable costs and expenses incurred by the Banks and the Agent in connection with enforcing any obligations of the Borrowers hereunder, including without limitation the reasonable fees and disbursements of counsel, (ii) guarantees the prompt and punctual performance and observance of each and every term, covenant or agreement contained in this Agreement and the Notes to be performed or observed on the part of each Borrower, (iii) guarantees the prompt and complete payment of all obligations and performance of all covenants of any Borrower under any interest rate or currency swap agreements or similar transactions with any Bank, and (iv) agrees to make prompt payment, on demand, of any and all reasonable costs and expenses incurred by the Banks or the Agent in connection with enforcing the obligations of the Guarantor hereunder, including, without limitation, the reasonable fees and disbursements of counsel (all of the foregoing being collectively referred to as the "Guaranteed Obligations"). (b) If for any reason any duty, agreement or obligation of any Borrower contained in this Agreement shall not be performed or observed by any Borrower as provided therein, or if any amount payable under or in connection with this Agreement shall not be paid in full when the same becomes due and payable, each Guarantor undertakes to perform or cause to be performed promptly each of such duties, agreements and obligations and to pay forthwith each such amount to the Agent for the account of the Banks regardless of any defense or setoff or counterclaim which any Borrower may have or assert, and regardless of any other condition or contingency.

  • Guarantee The Guarantor irrevocably and unconditionally agrees to pay in full to the Holders the Guarantee Payments (without duplication of amounts theretofore paid by the Issuer), as and when due, regardless of any defense, right of set-off or counterclaim that the Issuer may have or assert. The Guarantor's obligation to make a Guarantee Payment may be satisfied by direct payment of the required amounts by the Guarantor to the Holders or by causing the Issuer to pay such amounts to the Holders.

  • Guarantee of Payment This Guarantee Agreement creates a guarantee of payment and not of collection. This Guarantee Agreement will not be discharged except by payment of the Guarantee Payments in full (without duplication of amounts theretofore paid by the Issuer) or upon distribution of Debentures to Holders as provided in the Trust Agreement.

  • No Guarantee of Service This Agreement is not a contract for services. It does not give the Director the right to remain in the service of the Company, nor does it interfere with the shareholders’ rights to replace the Director. It also does not require the Director to remain in the service of the Company nor interfere with the Director’s right to terminate services at any time.

  • No Guarantee of Interests The Board and the Company do not guarantee the Stock of the Company from loss or depreciation.