For Which Deviations Would Caution Money Get Deducted


Gememarket1180

Uploaded on Mar 28, 2025

Category Business

This caution money amount can be forfeited in part or in full (as per approval of CEO (GeM)) in following circumstances:

Category Business

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For Which Deviations Would Caution Money Get Deducted

For Which Deviations Would Caution Money Get Deducted? www.gem.gov.in This caution money amount can be forfeited in part or in full (as per approval of CEO (GeM)) in following circumstances: www.gem.gov.in a) Seller rejects or does not accept any Direct Purchase / L-1 Purchase order within defined timelines leading to auto cancellation of order. www.gem.gov.in b) Failure of the seller in executing any GeM contract or if the Seller fails or neglects to observe or perform any of his obligations under the contract (applicable only in respect of contracts that did not have provision of Performance Security / PBG). www.gem.gov.in c) Withdraws any bid submitted on GeM within the period of validity of the bid. d) Fails to furnish requisite performance security / PBG as per GeM e-bid / RA conditions. www.gem.gov.in Get More Information Name - Government e Marketplace Gmail - [email protected] Toll Free Numbers-1800-419-3436 / 1800-102-3436 Address-2nd Floor, Jeevan Tara Building, 5-Sansad Marg, Near Patel Chowk, New Delhi-110001 www.gem.gov.in www.gem.gov.in