A supplier provides a valid Performance Bank Guarantee but delivers su

Type: MCQ • Marks: 1

A supplier provides a valid Performance Bank Guarantee but delivers substandard equipment The Principal should:

A. Accept the equipment automatically because security exists

B. Apply the inspection, rejection, warranty and other contractual provisions as appropriate

C. Release the security immediately

D. Ignore the specifications

Explanation

Security is not a substitute for enforcing technical and quality requirements.

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UPSC Principal & Vice Principal Management Finance Administration

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A supplier provides a valid Performance Bank Guarantee but delivers substandard equipment The Principal should: