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Ministry of Finance Reduces Performance Security Deposits For Solar Tenders to 3%

The changes were made to speed up project completion and increase participation amid the ongoing pandemic

November 19, 2020

/ Nithin Thomas
/ Markets & Policy, Solar
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The Ministry of Finance (MoF) has issued a notification revising the performance security deposits for tenders to 3% of the contract value from the previous range of 5%-10%. This move is expected to help entities execute contracts and projects on time amid the COVID-19 induced economic slowdown.

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Nithin Thomas

More articles from Nithin Thomas.
BidEMDfinanceGuaranteeMinistryMoFperformanceregulationsSecurity
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