Common use of Proposal Security Clause in Contracts

Proposal Security. 23 To secure the obligations of Proposer under this ITP, the Proposal shall include either a 24 Proposal Bond or a Proposal Letter of Credit in the face amount of $50 million.

Appears in 1 contract

Sources: Public Private Partnership (P3) Design Build Maintain Agreement

Proposal Security. 23 25 To secure the obligations of Proposer under this ITP, the Proposal shall include either a 24 26 Proposal Bond or a Proposal Letter of Credit in the face amount of $50 million.

Appears in 1 contract

Sources: Public Private Partnership (P3) Design Build Maintain Agreement