{"id":900586,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/900586/?format=json","text_counter":498,"type":"speech","speaker_name":"Mwingi North, WDM – K","speaker_title":"Hon. Paul Nzengu","speaker":{"id":13444,"legal_name":"Paul Musyimi Nzengu","slug":"paul-musyimi-nzengu-2"},"content":" If we are talking about a contract of Kshs20 billion and then we say that you must provide a bond of kshs20 billion, it is not realistic. We should have a percentage. Currently, the law says that you do a performance bond of 10 per cent of the contract amount. The law also says that you give advance payment guarantee of 20 per cent. I am just pleading with the Chairman to consider giving a more realistic figure like a percentage of 50 per cent of the contract amount."}