A Performance Security SHALL NOT BE REQUIRED. [If a Performance Security is required, “the amount of the Performance Security shall be: 1% [The amount of the Performance Security is usually expressed as a percentage of the Contract Price. The percentage varies according to the Procuring Entity’s perceived riskand impact of non-performance by the Supplier. A 10% percentage is used under normal circumstances]
Appears in 3 contracts
Samples: Framework Agreement for Provision of Hotel, Accommodation and Conference Facilities, Framework Agreement, Framework Agreement
A Performance Security SHALL NOT BE REQUIRED. [If a Performance Security is required, “the amount of the Performance Security shall Securityshall be: 1% [The amount of the Performance Security is usually expressed as a percentage of the Contract Price. The percentage varies according to the Procuring Entity’s perceived riskand impact riskandimpact of non-performance by the Supplier. A 10% percentage is used under normal circumstances]
Appears in 3 contracts
Samples: Framework Agreement, Framework Agreement, Framework Agreement
