Current through Register Vol. 39, No. 11, December 2, 2024
Section 05B .1521 - FAITHFUL PERFORMANCEA Solicitation and Contract may include terms ensuring a Vendor's performance such as:
(1) a bond, or similar assurance;(3) a percentage of the Contract value held as a retainage;(4) withholding final payment contingent on acceptance of the final deliverable; and(5) any other provision that assures performance of the Vendor.01 N.C. Admin. Code 05B .1521
Authority G.S. 143-52; 143-53;
Eff. February 1, 1996;
Amended Eff. April 1, 1999;
Readopted Eff. October 1, 2019.Authority G.S. 143-52; 143-53;
Eff. February 1, 1996;
Amended Eff. April 1, 1999.Readopted by North Carolina Register Volume 34, Issue 09, November 1, 2019 effective 10/1/2019.