CCR2005062amend-Onyx-attach
12. CONTRACT SECURITY
The Contractor shall furnish surety Performance bond(s) in the amount equal
to the value of the base contract including any alternate additions or deductions for the
period January 1, 2004 to December 31, 2008, as security for the faithful performance of
the contract. This bond may be renewed on not less than a yearly basis in amounts equal
to the base contract value for the year of renewal. All Surety Bond(s) shall be on the
forms provided in the specifications. No substitutions shall be allowed. Irrevocable
Letters of Credit may be approved, but only in a form acceptable to the City.