A Principal discovers that the Performance Security will expire before the contractual obligations are completed The bes...

Type: MCQ • Marks: 1

A Principal discovers that the Performance Security will expire before the contractual obligations are completed The best course is to:

A. Allow it to expire without action

B. Take timely action for extension or other protection as required under the contract and applicable rules

C. Release it immediately

D. Cancel all procurement permanently

Explanation

Security continuity should be managed proactively.

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UPSC Principal & Vice Principal Management Finance Administration

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