The long-awaited return of the Performance Bond in Public Works Contracts

• Autor: Limas, Sherin
• Formato: artículo
• Fecha de Publicación: 2020
• Institución: Pontificia Universidad Católica del Perú
• Repositorio: Revistas - Pontificia Universidad Católica del Perú
• Lenguaje: español
• OAI Identifier: oai:ojs.pkp.sfu.ca:article/23235
• Enlace del recurso: http://revistas.pucp.edu.pe/index.php/derechoysociedad/article/view/23235
• Nivel de acceso: acceso abierto
• Materia: Public works; Performance bond; Final settlement; The public work contracts; Obra pública; Fianza de fiel cumplimiento; Liquidación de obra; Contrato de obra pública

This paper raises the problem generated by the retention of the performance bond until the consent of the settlement in the public works contracts; its impacts on the dynamics of the construction sector, specifically in public works cases. In addition, the latest regulatory change - in force since 2019 - is analyzed, it outlines a palliative solution that proposes the return and exchange the performance bond for a lower insured amount. Finally, a perspective that allows to identify the most efficient solution.