PUBLIC PROCUREMENT ACT

Section 36: Contract Performance Guarantee.

2007Section 36 of 61Federal Republic of Nigeria

The provision of a Performance Guarantee shall be a precondition for the award of any procurement contract upon which any mobilization fee is to be paid, provided however it shall not be less than 10% of the contract value in any case or an amount equivalent to the mobilization fee requested by the supplier or contractor whichever is higher.

Cite this section

Section 36, PUBLIC PROCUREMENT ACT (2007).

https://repo.podus.ai/laws/public-procurement-act/section/36/