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Performance Security

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Performance Security

Post by salao on Wed Dec 12, 2012 5:50 pm

Good PM everyone,

How many days should be indicated in the bank guarantee if the supplier opt to use as a form of performance security for Goods?
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Re: Performance Security

Post by regina avelino on Wed Dec 19, 2012 10:30 am

The performance security must at least be co-terminus with the period of
completion of the contract which is from contract signing up to issuance of Certificate of Acceptance or the inspection and acceptance report (whichever is applicable) for the goods received.

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