PBG relief announced by FM
This query is : Resolved
14 May 2020
Can anybody explain how BG relief will help contractors.
We are executing govt. contracts , as per contract clause we have to provide PBG -10% of CV till completion of DLP period.
As per new relief , how it will benefited to us.
We are executing govt. contracts , as per contract clause we have to provide PBG -10% of CV till completion of DLP period.
As per new relief , how it will benefited to us.
14 May 2020
No BG relief will be provided for PBG -10% of CV till completion of DLP period.
BG relief will be provided to the extent of completion of works on BGs released immediately after completion of works.
BG relief will be provided to the extent of completion of works on BGs released immediately after completion of works.
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