Government Contracts Regulations
Version of section 16 from 2006-03-22 to 2023-04-27:
16 Where a negotiable security deposit has been received by a contracting authority in respect of a contract and the contract has been
(a) satisfactorily performed, or
(b) terminated for a reason that is not attributable to any fault of the contractor,
and Her Majesty has no claim against the contractor arising out of the contract or relating in any manner to the contract, the contracting authority shall return that security deposit to the contractor.
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