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P-32, r. 1 - Regulation respecting Contracts of the Public Protector

Section 16
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16. For construction contracts, the Public Protector must also specify in the tender documents what securities are required and the form and conditions to be complied with.
Tender security is required by the Public Protector if the estimated amount of the contract is equal to or greater than $500,000, and may be required in all other cases.
Where tender security is required, the contractor must also provide, prior to the signing of the contract, performance security and security for the contractor’s obligations with respect to wages, materials and services.
Decision 1462-2, s. 16.
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