Escrow Agreement for Deposit of Securities APPROVED DOCUMENT—This document is approved by the Office of the President and Office of the General Counsel for use by the Facility. Cover Sheet and Instructions PURPOSE OF DOCUMENT: Provides a means for the contractor to elect to deposit securities with an escrow agent as a substitute for retention or to have the Facility deposit the retention directly with an escrow agent. None CROSS-REFERENCES TO FACILITIES MANUAL (FM): Escrow Agreement form CONTENTS: FOR USE WITH: if applicable) Long Brief Multiple √ √ √ Form Form Prime (LF) (BF) (MP) Design CM at Job √ √ Build Risk Contract (DB) (CM) (JOC) Mini Form (MF) COMPLETED BY: Filling In Adding No Data √ Text Required ITS USE IS: Required Optional √ *As determined by the University. Completion Instructions: 1. On page 1, fill in the space for Name and Address” and The Escrow No.” “Project “Facility Agent fills in all other blank spaces on page 1. 2. The Facility, contractor, and escrow agent fill in and sign their respective blank spaces on pages 4 and 5. The person signing for the University at the top of page 5 should be the same person who signed the Agreement; additional Facility personnel may also sign in the University’s second set of blank spaces. Modifications and Additions: OP address deleted to avoid confusion as to proper address for correspondence. Comments: A letter of credit is not appropriate collateral and, therefore, cannot be accepted as a substitute for a deposit of securities in lieu of retention.
Escrow Agreement for Deposit of Securities APPROVED DOCUMENT—This document is approved by the Office of the President and Office of the General Counsel for use by the Facility. Cover Sheet and Instructions PURPOSE OF DOCUMENT: Provides a means for the contractor to elect to deposit securities with an escrow agent as a substitute for retention or to have the Facility deposit the retention directly with an escrow agent. CROSS-REFERENCES TO FACILITIES MANUAL (FM): None CONTENTS: Escrow Agreement form FOR USE WITH: if applicable) √ Long Form (LF) √ Brief Form (BF) √ Multiple Prime (MP) √ Design Build (DB) √ CM at Risk (CM) Job Contract (JOC) Mini Form (MF) COMPLETED BY: √ Filling In Adding Text No Data Required ITS USE IS: √ Required Optional *As determined by the University. Completion Instructions: 1. On page 1, fill in the space for “Facility Name and Address” and “Project No.” The Escrow Agent fills in all other blank spaces on page 1. 2. The Facility, contractor, and escrow agent fill in and sign their respective blank spaces on pages 4 and 5. The person signing for the University at the top of page 5 should be the same person who signed the Agreement; additional Facility personnel may also sign in the University’s second set of blank spaces. Modifications and Additions: OP address deleted to avoid confusion as to proper address for correspondence. Comments: A letter of credit is not appropriate collateral and, therefore, cannot be accepted as a substitute for a deposit of securities in lieu of retention.
cm_escrow_agreement.docx