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CONTRACT AWARD CK09MERCER201623 SECURITY SYSTEMS INSTALLATION, MAINTENANCE, SERVICE AND REPAIR RESOLUTION NUMBER: 2017415ABSOLUTE PROTECTIVE SYSTEMS, INC.SYSTEMS DESIGN GROUP DBA HANWELL ELECTRONICS3
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Contract award ck09mercer2016-23 security refers to the financial assurance required to guarantee the performance of the contract awarded under this specific designation. It serves as a safeguard for the contracting entity that the awarded party will adhere to the terms of the contract.
The party or entity that has been awarded the contract under ck09mercer2016-23 is required to file the contract award security. This typically includes contractors or vendors responsible for fulfilling the obligations set forth in the contract.
To fill out contract award ck09mercer2016-23 security, the awarded party must complete the designated form provided by the contracting authority, ensuring all relevant information is accurately filled, including the contract details, security amount, and any additional required documentation.
The purpose of contract award ck09mercer2016-23 security is to provide financial protection to the contracting authority against the risk of non-performance or failure of the awarded party to fulfill the contract obligations. It ensures that funds are available to cover any potential losses.
The information that must be reported includes the contract identification number, the amount of security being filed, details about the awarding entity, information about the contractor, and any other specific terms and conditions that may be applicable.
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