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Performance Security

Which statement correctly distinguishes Performance Security from Bid Security?

Type: MCQ • Marks: 1
Which statement correctly distinguishes Performance Security from Bid Security?
Options
A. Both have exactly the same purpose
B. Performance Security protects contractual performance, while Bid Security protects against specified bidder defaults during the bidding stage
C. Bid Security is collected only after delivery
D. Performance Security is submitted by unsuccessful bidders
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UPSC Principal & Vice Principal Management Finance Administration

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