Performance Security should ordinarily be:

Type: MCQ • Marks: 1

A. Accepted in any form preferred by the supplier

B. Obtained in the form and manner authorised by applicable procurement rules and contract conditions

C. Accepted verbally

D. Waived automatically for familiar suppliers

Explanation

The form, validity and enforceability of the security must satisfy the applicable framework.

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UPSC Principal & Vice Principal Management Finance Administration

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