Bid security primarily protects the procuring entity against:

Type: MCQ • Marks: 1

A. Every possible defect in the delivered goods

B. Specified defaults such as withdrawal of a bid or failure to honour specified post-award obligations, as applicable

C. Inflation

D. Changes in the Union Budget

Explanation

The exact forfeiture conditions depend on the tender conditions and applicable procurement rules.

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UPSC Principal & Vice Principal Management Finance Administration

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