For projects participating in competitive tendering procedures, additional letters of guarantee are required as follows:
Participation Letter of Guarantee to RAE (if the PV is included in a tender procedure) for participation in a tender procedure of RAE.
Performance Guarantee Letter to RAE (if the PV is included in a tender procedure) to ensure the implementation of the project.
The issuance of the letters concerns small and micro enterprises (with a turnover of up to €2.5m) wishing to participate in tenders for the awarding of supplies or projects.
The "good performance" of the obligations arising from the award of tenders or, more generally, of any legal contractual obligation of your company towards third parties.