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Security for the performance of the procurement contract should be modelled using the guarantees extension
Tender (bid) security should be modelled using the participation fees extension with .type set to 'deposit'
I think it would be helpful to add some clarification to the documentation of the guarantees extension to signpost implementers to the participation fees extension for bid security.
The text was updated successfully, but these errors were encountered:
jpmckinney
changed the title
participationFees, guarantees: Clarify purpose with respect to performance security and tender security
guarantees: Clarify purpose with respect to performance security and tender security
Jun 7, 2023
Based on the descriptions in open-contracting/standard#651 (comment), my understanding is that:
.type
set to 'deposit'I think it would be helpful to add some clarification to the documentation of the guarantees extension to signpost implementers to the participation fees extension for bid security.
The text was updated successfully, but these errors were encountered: