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Article R2391-23 of the French Public procurement code

The retention of guarantee is deducted in instalments from the payments on account, the final partial payments and the balance.In the event that the amount of the sums owed to the contractor does not allow the retention of guarantee to be deducted, the contractor is required to provide a guarantee on first demand in accordance with the procedures set out in sub-section 2.The purchaser may decide not to apply the…

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Article R2391-27 of the French Public procurement code

In the event of the termination of a contract which has not provided for a retention of guarantee, where a period is granted to the contractor under the conditions laid down in article R. 2391-20-2 to repay to the purchaser 80% of the amount of any credit balance appearing in the purchaser’s favour, the purchaser may require the contractor to provide, at his discretion, either a first demand guarantee or…

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