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State of Tamilnadu - Section

Section 24 in Management and Preservation of Properties of Religious Institutions Rules

24. Form of security in contracts.

- The form of security to be taken in the case of piece-work contracts shall be as laid down in the conditions specified in the tender for piece-works in Annexure II. The form of security to be taken in the case of contracts based on the lump sum tender system as defined in the Tamil Nadu Detailed Standard Specification shall be as laid down in the form of the tender notice and articles of agreement.