Proposal Guaranty
Defined in the standard specifications of 4 state transportation agencies. Each definition below is the agency’s own text, with the section it comes from — they do not all say the same thing, and on a contract the difference is the point.
Definitions are quoted from state-authored public specification books. This page carries no I-Code-derived terms.
The security furnished with a proposal to guarantee that the bidder will enter into the Contract if the proposal is accepted.
Section 101 — DEFINITIONS AND TERMS →The security furnished by the bidder as guaranty that the bidder will enter into the
Section 1 — DEFINITIONS AND TERMS →The security furnished with a bid to guarantee that the bidder will enter into the contract if his bid is accepted.
Section 101 — Terms and Definitions →The security furnished with a Proposal to guarantee that the bidder will enter into a Contract if the bidder’s Proposal is accepted and the Contract is awarded to it. Qualified Products List (QPL). A listing of products that h ave been tested or analyzed by the Department and have been approved for use on the Department’s road construction projects.
Section 101 — DEFINITIONS AND TERMS →