A bidder submits a technically compliant offer but quotes a price higher than another eligible bidder Its EMD should ord...

Type: MCQ • Marks: 1

A bidder submits a technically compliant offer but quotes a price higher than another eligible bidder Its EMD should ordinarily be:

A. Forfeited merely because it did not win

B. Released/returned according to applicable rules and procedures

C. Transferred to the winning bidder

D. Used to purchase the goods

Explanation

Bid security is not a penalty for unsuccessful bidding.

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UPSC Principal & Vice Principal Management Finance Administration

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