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Exhibit C
PERFORMANCE ASSURANCE
DEFINITIONS
M Definitions.
Mandatory or Required RightofWay Dedications and/or Transportation Improvements.
Such dedications and/or transportation facility improvements
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Who needs exhibit c performance assurance?
01
Exhibit c performance assurance is needed by individuals or organizations who are required to provide an assurance of their performance in a particular task, project, or agreement.
02
This may include contractors, service providers, vendors, or any party involved in a contractual obligation where performance assurance is required.
03
The specific circumstances and contractual agreements determine who exactly needs exhibit c performance assurance.
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What is exhibit c performance assurance?
Exhibit C performance assurance is a financial guarantee provided by a contractor to ensure the completion of a project.
Who is required to file exhibit c performance assurance?
Contractors or vendors who are awarded a project contract may be required to file exhibit C performance assurance.
How to fill out exhibit c performance assurance?
Exhibit C performance assurance is typically filled out by submitting a bond or irrevocable letter of credit to the project owner.
What is the purpose of exhibit c performance assurance?
The purpose of exhibit C performance assurance is to protect the project owner in case the contractor fails to fulfill their obligations.
What information must be reported on exhibit c performance assurance?
Exhibit C performance assurance typically includes details about the amount of the bond or letter of credit, the name of the issuing institution, and the expiration date.
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