On 01 July 2024, the RAs published a Consultation Paper SEM-24-047 relating to the Proposed Modification:
• CMC_06_24: Performance Securities for Extended Projects.
The consultation period for the proposal ended on 02 August 2024 and today, 13 May 2025, the SEM Committee is publishing a decision paper.
The paper contains a summary of the comments received during the consultation and details of the SEM Committee’s decision.