Ministry Asks States to Relax Performance and Bid Security for Power Project Bids
There will be no provision regarding additional security deposit in case of abnormally low bids
March 24, 2021
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The Ministry of Power has directed the state governments and the governments of union territories (UT) to relax performance security, earnest money deposits requirements for power project bids. It has also asked the states and UTs to refrain from demanding additional security deposits for abnormally low bids.