AMOUNT(% OF PURCHASE ORDER PRICE MILESTONESUCCESSFUL BIDDER SHALL SUBMIT THE PERFORMANCE BOND EQUIVALENT TO 10% OF THE PURCHASE ORDER PRICE WITHIN 10 CALENDAR DAYS AFTER RECEIPT OF PO.AFTER CEC IS RECEIPT OF THE WARRANTY BOND EQUIVALENT TO 10% OF THE PURCHASE ORDER PRICE. THIS WARRANTY BOND SHALL BE VALID UNTIL EXPIRY OF THE WARRANTY PERIOD UNDER THE PURCHASE ORDER.