Procurement Manual
Module 6: The Solicitation Process
 
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  Security Instruments

Security instruments are legal documents used to provide the UN with security against expenses and losses that result from a failure by a vendor to perform its obligations. They are intended to ensure that funding is available to compensate the UN for such failure.

The solicitation documents shall specify all requirements with respect to Security Instruments, including the type(s) of acceptable issuers and the nature, form, amount, validity period and other principal terms and conditions of the security.


Click here to read about the factors that must be taken into account for determining if a security instrument is required.

Click the Online PM to read more about security instruments.

Glossary

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