To help businesses and entrepreneurs keep up with the financial crisis after the first wave of COVID-19 that spread across the region, the Ministry of Finance has implemented this security work for all declared bids or contracts or concluded no later than December 31, 2021 from November. 2020. for%.
On Thursday, the site extended the downgrade of the federal contract until March 2023.
According to the rules, the successful candidate who receives a government contract must deposit an amount equal to 5-10% of the contract with the government.
To help businesses and investors find financial solutions after the first wave of the spread of COVID-19, the Financial Services Agency has taken a security approach. for%.
The Treasury Department announced Thursday that the Indian government has decided to extend the 3% liability reduction until March 31, 2023 for all mid-government offers / contract declaration / signed until March 31, 2023.
The Ministry of Land, Infrastructure and Transport said: “With this declaration, the industry can use the additional capital to carry out the project as the on-time completion and economy through industry are essential. for the rapid development of the infrastructure project through the infrastructure. pipeline.
“The announcement was particularly helpful to companies in the construction, manufacturing and service sectors, and will be able to meet the government’s needs for the success of the project.