QLDIn ForceRegulation
Financial and Performance Management Standard 2019
sec.33Form and amount of contract performance guarantees
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sec.33 Form and amount of contract performance guarantees
A contract performance guarantee given to a department’s accountable officer or a statutory body in relation to a contract must be in the form, and for the amount, the accountable officer or statutory body considers to be adequate and suitable security for the performance of the contractor’s obligations under the contract.