FIDIC 2017 · FIDIC 1.1.63
Performance Security
The security, often a bond, the Contractor must give the Employer within 28 days of receiving the Letter of Acceptance. It stays valid until its obligations are met.
“the security under Sub-Clause 4.2” (FIDIC 1.1.63)
Where you meet it
- Module 2: Starting out and the programmeNEC4 vs FIDIC 2017
- Module 9: Subcontracting and securityNEC4 vs FIDIC 2017
- Module 13: Termination and Exceptional EventsNEC4 vs FIDIC 2017