• The Guarantees Must Be Irrevocable And May Consist Of Any Instrument That Ensures Payment On Demand Quickly And Effectively. • Insurance Policies, Bond Certificates Or Other Visible And Irrevocable Instruments May Not Have Exclusion Clauses And The I. Municipality Of Cabrero, Department Of Education, Will Be Empowered To Make The Guarantee Effective, Administratively And Without The Need For Any Requirement Or Judicial Arbitration Action, Which Must Be Stated In Said Instrument. • In Case Of Contract Modifications, It Will Be Necessary For The Contractor To Increase Its Amount Proportionally In Accordance With What Is Indicated In Point 5.6 Contract Modification Of These Bases. The I. Municipality Of Cabrero, Department Of Education, May Request Certification Of Authenticity Of The Guarantee Documents From The Issuing Financial Institution. The Municipality Will Make This Guarantee Effective In The Following Cases: A) When The Respective Awarded Supplier Does Not Pay The Fines Applied And It Is Not Possible To Deduct Them From The Respective Payment. B) When, For A Reason Attributable To The Respective Awardee, The Corresponding Contract Has Been Terminated Early. C) For Failure To Comply With The Obligations Imposed By These Rules And The Respective Contract.
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