[Background]

There is a need to increase the contract guarantee bond rate when an unscrupulous contractor, having been sanctioned for serious violations such as collusion or fraud, enters into a contract for a different project following a court decision to suspend the execution (of the sanction).

[Main Points]

Increase in Contract Guarantee Bond Rate Upon Suspension of Sanction for Unscrupulous Contractors

ㅇ Increasing the Contract Guarantee Bond Rate by twofold (10% $\to$ 20%) when an unscrupulous contractor, who has been sanctioned for a serious violation like collusion or fraud, enters into a contract following a court decision to suspend the execution of the sanction.