S.L. 623.8 Art. 10Restoration works and bank guarantee.

(1) For the purpose of ensuring that the street is properly restored, the client shall deposit at the Authority, prior to the issue of the commencement notice, a bank guarantee in favour of the Authority, the amount of which shall be determined according to the provisions of the Fifth Schedule:

Provided that the minimum amount for the bank guarantee shall be that of two hundred and fifty euro (€250):

Provided further that where the client fails to carry out or complete the restoration works within such period as the Authority may deem suitable in consideration of the level of finishing being opted for by the client, such works may be completed by the Authority or Government, or an appointed agent that has been duly authorised by the Authority. Upon order of the Authority the cost of such works, as certified by the aggrieved entity’s perit, shall be met in part or whole from the bank guarantee.

(2) The release of the bank guarantee shall be affected within three (3) months from the data of notification of completion by the client’s Perit provided there are no claims for the repairs of the street.