Bid Security and EMD

Which principle is relevant when designing Bid Security requirements?

Type: MCQ • Marks: 1
Which principle is relevant when designing Bid Security requirements?
Options
A. Proportionality
B. Favouritism
C. Secrecy
D. Arbitrary discretion
Explanation
Procurement requirements should be appropriate to the nature, value and risk of the procurement, subject to the governing rules.
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UPSC Principal & Vice Principal Management Finance Administration

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