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Ministry Of Finance Circulars 1/2014


Ministry of Finance Circular No. 1/2014 dated 20 March 2014

The Performance Bond rates are as follow:

For Term contracts and construction project

Contract value B$1,000,000.00 and below is exempted from paying perfomance bond

Contract value between B$1,000,001.00 until B$5,000,000.00, is not more than 3%

Contract value above B$5,000,000.00, is not more than 5%

 

For Supply of goods

Contract  value B$1,000,000.00 and below is exempted from paying perfomance bond

Contract value between B$1,000,001.00 until B$3,000,000.00, is not more than 2%

Contract value above B$3,000,000.00, is not more than 3%


The circular letter can be downloaded here