The performance guarantee shall be reduced to four percent (4%) of the Contract Price at such time as the Development Manager has executed and completed fifty percent (50%) the Works as determined at the sole and absolute discretion of the Owner.

• 在开发管理人实施并完成工程的百分之五十（50%25）之后（由业主单独自行裁定），履约保函将被降低到合同价格的百分之四（4%25）。