(1) The amount of the bid bond, which shall be a lump sum, may not exceed 2% of the provisional budget of the project.
(2) The validity of bid bonds should overrun by 30 (thirty) days that of the bids.
(3) Upon expiry of the time-limit referred to in (2) above, the bond shall cease to have any effect, even in the absence of a release order, except if the Contracting Authority has duly notified the contracting partner that the latter has not fulfilled all its obligations. In this case, the effectiveness of the bond may only be ended by a release order issued by the Contracting Authority.
I.1.2. Publicity and Tender Submission Deadline
Official text
Transcription: Spot-checked
In force from 12-06-2018
Source page 13
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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Section 39 of the Decree No. 2018/355 on common rules applicable to contracts by public corporations/akn/cm/act/decret/2018-06-12/2018-355
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