Government Tenders and Procurement Law
Art. 62Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
In contracts of continuing services, the final guarantee shall be reduced
annually in proportion to the work completed, provided that such guarantee is
not less than 5% of the value of the remaining work.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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