Which of the following most clearly distinguishes Performance Security from retention money?
Type: MCQ • Marks: 1
Which of the following most clearly distinguishes Performance Security from retention money?
Options
A. They may serve related protective purposes but are conceptually and contractually distinct mechanisms whose treatment depends on the applicable procurement framework
B. They are always legally identical
C. Retention money is Bid Security
D. Performance Security is always salary deduction
Explanation
Both may provide contractual protection, but their source, operation and release conditions can differ.
Want to attempt the full test series with a timer and instant score? Purchase the package to unlock the complete test.
Purchase Now
UPSC Principal & Vice PrincipalManagement Finance Administration
Practice more
This page is indexed for search so students can find questions directly from Google.
