J&K Govt Issues Guidelines On Additional Performance Security For Low Bids

JAMMU, Aug 13: The Jammu and Kashmir Finance Department has directed all Administrative Secretaries, Heads of Departments, and implementing agencies to strictly follow new guidelines on additional performance security for bidders quoting abnormally low rates in government projects.
The order, issued with immediate effect, requires strict adherence to ensure transparency and prevent underquoting in tenders, with action to be taken accordingly.

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