Does UNRWA require performance guarantees?
UNRWA may require a successful contractor to furnish performance bonds in UNRWA standard format or similar forms of guarantee. The amount of performance bonds/guarantees will vary depending on the nature of the requirements. For example, in case of construction contracts, UNRWA calls for performance bonds and labour and material bonds in sums equal to the total contract price. UNRWA may also include a liquidated damage clause in its contractual documents in case adherence to the schedule of delivery of goods or performance of contractual services is critical to meet the Agency’s requirements.
