Procurement Manual 208297 | File F 1607696988237

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File: Procurement Manual 208297 | File F 1607696988237

no f 9 4 2020 ppd government of lndia ministry of finance department of expenditure procurement policy division 512 lok nayak bhawan new delhi dated the 12th november 2o2o office ...

Filetype PDF | Posted on 14 Feb 2023 | 2 years ago

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...No f ppd government of lndia ministry finance department expenditure procurement policy division lok nayak bhawan new delhi dated the th november oo office memorandum subject performance security as per rule general financial rules gfrs is to be obtained from successful bidder awarded contract for an amount five ten percent value ensure due similar provisions also exist in manual works and consultancy other services issued by this receipt many representations that on account slowdown economy pandemic there acute crunch among commercial entities contractors which turn affecting timely execution contracts lt has been represented may affect ability bid tenders hence reduce competition requests are being received reduction quantum deposits ln view all above it decided existing o however benefit reduced will not given under dispute wherein arbitration court proceedings have already started or contemplated further concluded ti l should provision where stipulations percentage shall continue e...

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Posted on: 14 Feb 2023 | 2 years ago
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