Bid Security and EMD

A bidder claims EMD exemption merely because it is a small business, but the tender conditions require a specific recogn...

Type: MCQ • Marks: 1
A bidder claims EMD exemption merely because it is a small business, but the tender conditions require a specific recognised status/documentation The procuring authority should:
Options
A. Automatically accept the claim
B. Verify the eligibility and required documentation according to applicable rules
C. Reject all small businesses
D. Ignore the issue
Explanation
Exemption depends on the applicable policy and evidence of eligibility.
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UPSC Principal & Vice Principal Management Finance Administration

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