Commission Delegated Regulation (EU) No 1268/2012 of 29 October 2012 on the rules of application of Regulation (EU, Euratom) No 966/2012 of the European Parliament and of the Council on the financial rules applicable to the general budget of the Union (repealed) (c. 1268)

PART ONE U.K. COMMON PROVISIONS

[F1 TITLE V U.K. PUBLIC PROCUREMENT AND CONCESSIONS]

CHAPTER 1 U.K. General provisions

[F1 Section 3 U.K. Procurement procedures]

[F1 Article 156 U.K. Tender guarantees (Article 111(3) of the Financial Regulation)

1. The contracting authority may require a tender guarantee, submitted in accordance with Article 163, representing 1 % to 2 % of the total value of the contract.

2. The contracting authority shall call in the tender guarantee if the tender is withdrawn before contract signature.

The contracting authority shall release the tender guarantee:

(a) for tenderers rejected as referred to in point (b) of Article 159(2) and tenders rejected as referred to in point (c) of Article 159(2), after information on the outcome of the procedure;

(b) for tenders ranked as referred to in point (e) of Article 159(2), when the contract is signed.]

Textual Amendments

F1 Substituted by Commission Delegated Regulation (EU) 2015/2462 of 30 October 2015 amending Delegated Regulation (EU) No 1268/2012 on the rules of application of Regulation (EU, Euratom) No 966/2012 of the European Parliament and of the Council on the financial rules applicable to the general budget of the Union.