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Daily Legal Advice Series

PPRA Rules Query

Client Query 004 Hello, we wanted some confirmation and clearance about one matter. Now According to PPRA Rule 39, the organization seeks in the Bidding Documents 05 to 10% as performance guarantee from the successful bidder. Kindly confirm the exact percentage of the performance guarantee to be obtained. Please confirm whether 10% performance guarantee against the contracts be obtained. Moreover, we retain the said performance bond till the completion of warranty period.

 

Farukh Javed, Pakistan
Answer:- Thankyou very much for writing to us. The form and percentage of performance guarantee (range from 1-10%) is required to be decided by the procuring agency itself which shall be clearly mentioned in the tender notice/bidding documents and it can be retained as per terms and conditions mentioned in the bidding documents.

If you wish to inquire anything else you may set up an appointment with our extremely competent team of lawyers and visit our office which is located at GF-13, Tower A, The Centaurus, Islamabad, Pakistan.

You can also reach us at 0092-300-5075993

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