Lawyer signing legal documents

Client Query 165:- Hi, hope all is well at your end. I wanted to discuss about a query which is related to PPRA rule 39 . In view of PPRA rule#39(i) bidder shall deposit the Performance security in the form of pay order or demand draft or bank guarantee, which is not more than 10% of contract price. However, bidders are asking that please deduct our performance security from our payment. So is this acceptable for the organization to hold performance amount from payment?


Asim Raza, UK


Answer:- Thank you very much for writing to us. As per your query, lowest evaluated and successful bidder is required to submit performance guarantee not exceeding 10% of the contract amount. It can not be adjusted out of the payment or running bills etc. as it is to be provided by the procuring agency to the lowest evaluated bidder.

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

By The Josh and Mak Team

If you are reading this, chances are we will become your favourite virtual law firm at some point. In an economy where businesses have lost their strategic edge and are forced to reconsider their traditional concepts of consulting bricks and mortar law firms, which bill by the minute, we can provide you with affordable quality legal advice, delivered anywhere in the world. Since 2010, our firm has already pioneered and adopted the concept of honest and practical legal advice, delivered straight to your email inbox. In the post Covid19 era, working with the Josh and Mak Team means that, you will get the same commitment, discipline and work ethic, without the heavy Bricks and Mortar and the financial baggage which comes with the latter. Let your choice to work with Josh and Mak International become your unfair strategic advantage over your business competitors of the past, present and the future!

This site is protected by

Copy Protected by Chetan's WP-Copyprotect.