Performance Security for Highly Technical Consultants

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Performance Security for Highly Technical Consultants

Post by rtdd on Wed May 30, 2012 3:40 pm

Good afternoon. I would like to inquire if consultant is required to post performance security.

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Re: Performance Security for Highly Technical Consultants

Post by RDV @ GP3i on Sat Jun 02, 2012 10:06 am

rtdd wrote:Good afternoon. I would like to inquire if consultant is required to post performance security.

Yes, they are required to post Performance Security. Even for the alternative method of Negotiated Procurement to Individual Consultant, per Sec. 54.5 of the IRR, the Individual Consultant is still required to post the required security.

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