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Public Procurement Rules, 2004 QUESTION #1800
Question 1
According to Rule 39, where a performance guarantee is required by a procuring agency, it shall not exceed what percentage of the contract amount?
  • Five percent
  • Seven percent
  • Ten percent✔️
  • Fifteen percent
Correct Answer Explanation
Rule 39 provides that where a performance guarantee is needed and has been clearly expressed in the bidding documents, the procuring agency shall require the successful bidder to furnish a performance guarantee which shall not exceed ten percent of the contract amount.