Common use of Performance bond (Art Clause in Contracts

Performance bond (Art. 25 to 33) At the level of the framework contracts no performance bond is required. At the level of the Order Forms implementing the framework contracts, a performance bond is only required in- case the value of the Order Form exceeds 50,000 Euros and the implementation period exceeds 45 calendar days. The latter is not foreseen under the Framework Contracts.

Performance bond (Art. 25 to 33) At the level of the framework contracts Framework Contracts no performance bond is required. At the level of the Order Forms implementing the framework contracts, Form a performance bond is only required in- in case the value of exceeds 50, 000 Euros or the Order Form exceeds 50,000 Euros and the implementation period duration exceeds 45 calendar days. The latter is not foreseen under the Framework Contracts.

Performance bond (Art. 25 to 33) At the level of the framework contracts contracts, no performance bond is required. At the level of the Order Forms implementing the framework contracts, a performance bond is only required in- case the value of the Order Form exceeds 50,000 Euros and the implementation period exceeds 45 calendar days. The latter is not foreseen under the Framework Contracts.