SIMM 195 Solicitation Template - CDT
The letter, guaranteeing issuance of an Irrevocable Letter of Credit, shall be from a bank doing business in this State, and shall be insured by the FDIC and shall state that if the Bidder is successful, an Irrevocable Letter of Credit, as appropriate, in the amount of {fifty percent (50%) of the Contract price for service Contracts, or twenty-five percent (25%) for all other contracting as ... ................
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