Which situation most clearly provides a potential basis for Bid Security forfeiture?

Type: MCQ • Marks: 1

A. Bidder loses to another compliant bidder

B. Bidder withdraws its bid in circumstances where the tender conditions provide for forfeiture

C. Bidder asks a legitimate clarification

D. Bidder submits its bid before the deadline

Explanation

Withdrawal during the binding bid period can trigger forfeiture where provided for.

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UPSC Principal & Vice Principal Management Finance Administration

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