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[Cites 0, Cited by 0] [Section 40] [Entire Act]

State of Rajasthan - Subsection

Section 40(7) in Rajasthan Public Procurement Rules, 2012

(7)The bidding documents may stipulate that the issuer of the bid security and the confirm, if any, of the b i d security, as well as the form and terms of the bid security, must be acceptable to the procuring entity. In cases of domestic procurement (NCB), the bidding documents may in addition stipulate that the bid security shall be issued by an issuer in India;