8 May 2019 in National Assembly:
(f) by inserting the following new amendment─ s. 55(1) Delete the expression “section 38” and substitute therefor the expression “section 41”
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8 May 2019 in National Assembly:
We are amending it so that the current sections cross reference Section 38 instead of Section 41. It is just a cross-referencing issue.
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8 May 2019 in National Assembly:
( Question, that the new section be read
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8 May 2019 in National Assembly:
The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor.
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8 May 2019 in National Assembly:
Hon. Temporary Deputy Chairlady, I beg to move:
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8 May 2019 in National Assembly:
THAT, the Schedule to the Bill be amended in the proposed amendments to the Public Procurement and Asset Disposal Act ─
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8 May 2019 in National Assembly:
New Insert the following new section immediately after subsection (1)— “(1A) Notwithstanding subsection (1), a successful foreign tenderer shall submit a performance security equivalent to the contract amount, issued by a financial institution or insurance company licensed in Kenya, before signing of the contract, and the performance security shall remain valid for
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8 May 2019 in National Assembly:
a period of ten years from the close out date of a contract.”
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8 May 2019 in National Assembly:
The import of this amendment requires any successful foreign tender to submit a performance security equivalent to the contract amount. The reason for this is that in the recent The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor.
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