Suppose, the estimated value of the goods to be procured by a Department is Rs. 50 Lakh. What value should be obtained as Bid Security?
A. Any value between Rs. 1,00,000 and Rs. 2,50,000
B. Any value between Rs. 1,50,000 and Rs. 2,50,000
C. Any value between Rs. 2,50,000 and Rs. 5,00,000
D. Any value between Rs. 3,00,000 and Rs. 5,00,000
Answer:A
Suppose, the estimated value of the goods to be procured by a Department is Rs. 50 Lakh. What value should be obtained as Bid Security?
A. Any value between Rs. 1,00,000 and Rs. 2,50,000 B. Any value between Rs. 1,50,000 and Rs. 2,50,000 C. Any value between Rs. 2,50,000 and Rs. 5,00,000 D. Any value between Rs. 3,00,000 and Rs. 5,00,000