Pursuant to Art. 222 paragraph. 4 of the Act of September 11, 2019, Public Procurement Law (hereinafter referred to as: "PPL"), the Ordering Party is obliged to inform about the amount allocated for financing the contract before opening...

A bid bond is an institution that derives from the provisions of the Civil Code. The awarding entities are entitled to demand a deposit in order to secure the offer submitted by contractors. The tender guarantee is nothing more than a sum...