Rate of Contract Performance Security for PPP Projects

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Regarding investment activities in the form of public-private partnership (PPP), what are the regulations on the value ratio of the performance security of the project contract?

Based on Article 35 of Decree 35/2021/ND-CP, the provisions are as follows:

For projects with a total investment up to 300 billion VND, the value of contract performance security is specified in the bidding documents at a rate ranging from 1.5% to 3% of the total investment of the project.
For projects with a total investment exceeding 300 billion VND, the value of contract performance security is specified in the bidding documents at a rate ranging from 1% to 1.5% of the total investment of the project.

Sincerely!

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