Deposit of Security and Execution of Contract Documents

The tenderer is required to deposit the security as per condition 8 of Schedule ‘B’ attached to the Stores Purchase Rules. He is called upon to deposit the same within a specified period while issuing the acceptance of tender.

Simultaneously the tenderer is also required to sign tender documents (Schedule ‘B’) given in the Annexure II of the Stores Purchase Rules. Signing of Schedule ‘B’ constitutes a contract between the Government and the contractor.