12 Pa. Code § 31.16
Current through Register Vol. 54, No. 25, June 22, 2024
The Agency will require payment and performance bonds equal to 100% of the contract price, including liquidated damages or penalties for failure to complete construction by the completion date, or an irrevocable letter of credit or pledged securities equal to 25% to 50% of the contract price, or such other amounts of security acceptable to the Agency.
12 Pa. Code § 31.16