(1) what proportion of the total value of contracts issued or to be issued by his Department in 2011-12 have required successful organisations to put up a capital bond; and if he will make a statement;
(2) which contracts his Department has tendered or will tender in 2011-12 which require successful organisations to have a capital bond of more than £5 million; which contracts have not required such a bond; and if he will make a statement.
The Department has interpreted capital bonds to mean surety bonds, such as Performance Bonds.
The Department has not issued and has no plans to issue capital or performance bonds in respect of contracts tendered or planned to be tendered in 2011-12. Due to the nature of procurements undertaken by the Department it is not foreseen that these instruments would be required.