(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
Spot-checked
In force from 12 June 2018
Source page 13