A contractor asks the Principal to accept a Performance Security that

Type: MCQ • Marks: 1

A contractor asks the Principal to accept a Performance Security that is valid for only half the required period The Principal should:

A. Accept it automatically

B. Ensure compliance with the prescribed validity requirement before treating the security as satisfactory

C. Release the security immediately

D. Ignore the contract

Explanation

Security must meet the requirements stipulated in the procurement/contract framework.

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UPSC Principal & Vice Principal Management Finance Administration

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A contractor asks the Principal to accept a Performance Security that is valid for only half the required period The Pri...