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Tender and Procurement

Bid security is primarily intended to:

Type: MCQ • Marks: 1
Bid security is primarily intended to:
Options
A. Guarantee the quality of every product forever
B. Discourage frivolous or non-serious bidding and protect the procuring entity against specified bidder defaults
C. Replace performance security
D. Serve as the supplier's profit
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UPSC Principal & Vice Principal Management Finance Administration

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