A bidder's EMD is valid but expires before the required bid validity period because the bidder failed to maintain the ne...
Type: MCQ • Marks: 1
A bidder's EMD is valid but expires before the required bid validity period because the bidder failed to maintain the necessary extension The authority should:
Options
A. Ignore the expiry
B. Apply the consequences prescribed in the tender conditions and applicable rules
C. Automatically award the bidder the contract
D. Convert it into performance security
Explanation
Security must remain effective for the prescribed period.
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UPSC Principal & Vice PrincipalManagement Finance Administration
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