Bid bond

What is a bid bond? A bid bond guarantees compensation to the bond owner if the bidder does not start a project. Bid bonds are often used for construction work or other projects with selection processes based on similar…

Icra, Auto News, ET Auto

Central road implementing agencies ask for 1 percent of the contract value as bid security and the same value is higher for other central government agencies at 2.5 percent. New Delhi: The waiver of deposit deposits for EPC mode road…