Why is accepting an unauthorised form of Bid Security problematic?

Type: MCQ • Marks: 1

A. It may fail to provide the legally required financial protection to the procuring entity

B. It always increases competition

C. It guarantees better quality

D. It eliminates audit requirements

Explanation

Security must be legally valid, enforceable and in the form prescribed by the procurement framework.

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UPSC Principal & Vice Principal Management Finance Administration

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