(1) The final bond must be constituted within 20 (twenty) calendar days following notification of the contract and, in any case, before first payment.
(2) The validity of the final bond must cover the period for the delivery of services up to their provisional acceptance.
(3) The validity of the performance bond must cover the guarantee or maintenance period stated in the contract up to final acceptance.
(4) The terms and conditions and deadline for the refund of securities shall be fixed by the general administrative clauses, subject to the exemptions that could be introduced by the special administrative clauses.
Official text
Transcription: Spot-checked
In force from 20-06-2018
Source page 54
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Section 139 of the Public Contracts Code/akn/cm/act/decret/2018-06-20/2018-366
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