Further to his answer to question S1W-20307 on 12 December 2001, when, or within what timescale, Flour City Architectural Metals (UK) Ltd s…

The contract with Flour City Architectural Metals (UK) Ltd specified that a Performance Bond should be provided within 10 working days of the contract being completed as a deed. The contract was signed on 1 August 2001 and the Performance Bond was therefore requested by 15 August 2001.The Performance Bond should have covered 10% of the full contract value in the event that Flour City Architectural Metals (UK) Ltd were unable to fulfil their contract obligations.Verbal requests to the contractor for provision of a Performance Bond were made, initially, by the Construction Managers, Bovis Lend Lease (Scotland) Limited, by telephone and at package meetings. This was followed by the issue of a Notice Of Failure, specifically referring to the failure to provide a Performance Bond, on 30 August 2001 by the Holyrood Project Team. Ultimately, stipulations were also made at meetings with the President and Chairman of Flour City International Inc. by the Holyrood Project Team. This activity all took place between June and October 2001.