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Bid Security and EMD

Which statement best distinguishes Bid Security from Performance Security?

Type: MCQ • Marks: 1
Which statement best distinguishes Bid Security from Performance Security?
Options
A. Bid security relates to the bidding stage, whereas performance security relates to contractual performance
B. Both are collected only after successful completion
C. Performance security is submitted by unsuccessful bidders
D. Bid security guarantees product performance after delivery
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UPSC Principal & Vice Principal Management Finance Administration

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