Performance Securities posted beyond the required period
Department of Public Works and Highways · 2024
Severity: ModerateRecommendation: Unknown
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What Happened?
Category: Government ProcurementIssue: Non-complianceWinning contractors put up their performance guarantees after the deadline required by law.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"The Performance Securities were posted beyond the required period from receipt by the winning bidder of the NOA or prior to contract signing."