15. For construction contracts, the Chief Electoral Officer 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 Chief Electoral Officer 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, prior to the signing of the contract, provide performance security and security for the contractor’s obligations with respect to wages, materials and services.