An unsuccessful bidder whose bid was valid and who did not commit any specified default would ordinarily expect its Bid...

Type: MCQ • Marks: 1

An unsuccessful bidder whose bid was valid and who did not commit any specified default would ordinarily expect its Bid Security to be:

A. Forfeited automatically

B. Released/returned according to applicable rules and procedures

C. Converted into tax

D. Given to the successful bidder

Explanation

Bid security is not a penalty for merely losing a tender.

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UPSC Principal & Vice Principal Management Finance Administration

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