Question
What type of performance guarantee is given in case of
public tenders?ÂSolution
A Bid bond guarantee is a type of financial bank guarantee that ensures that the winning bidder undertakes the contract as per the terms of their winning bid. This is used in public tenders to ensure that a bidder will follow through with a contract if they are chosen for a tender. If the bidder does not start work on the project of the tender, the project owner can use the bid bond to cover costs and losses.
Match Column I and Column II and choose the correct match from the given choice
In the following questions two columns are given containing three sentences/phrases each. In first column, sentences/phrases are A, B and C and in the ...
Column (1)
Column (1)
In the following questions two columns are given. In column-I three sentences are given, each of them consisting of a blank which may or may not be fil...
In the following questions two columns are given containing three sentences/phrases each. In first column, sentences/phrases are A, B and C and in the ...
(A)The Mission launche...
In the following questions two columns are given containing three Sentences/phrases each. In first column, sentences/phrases are A, B and C and in the ...
Match the phrases in Column 1 with the phrases in Column 2.
In each of the following questions, a sentence is given with three blanks. Each question is followed by a table which consists of three columns. You ar...
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