(1) The final bond may not be less than 2 (two) percent or more than 5
(five) percent of the initial value of the contract, increased, as appropriate, by the amount
of the contract amendments.
(2) The retention bond shall be deducted or the performance bond constituted
where the contract has a guarantee or maintenance period. It may not be more than 10
(ten) percent of the initial value of the contract, increased, as appropriate, by the amount
of the contract amendments.
(3) The performance bond or proper performance guarantee shall not be required
for intellectual service contracts.
Official text
Spot-checked
In force from 20 June 2018
Source page 54