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Performance Security

Performance Security should normally be released:

Type: MCQ • Marks: 1
Performance Security should normally be released:
Options
A. Immediately after award in every case
B. In accordance with the contract and applicable procurement rules after the relevant performance obligations/conditions are satisfactorily fulfilled
C. Before the supplier starts work
D. Whenever the supplier requests it
Explanation
Release should be rule-based and linked to contractual completion/conditions.
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UPSC Principal & Vice Principal Management Finance Administration

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