(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.
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Transcription: Spot-checked
In force from 20-06-2018
Source page 54
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Section 138 of the Public Contracts Code/akn/cm/act/decret/2018-06-20/2018-366
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