Another Industry Support Measure by DRDO

Requirement of "Performance Security" for the "Development Contracts" by DRDO and ATVP has been waived as per the approval of Raksha Mantri Shri Rajnath Singh. This will apply to development contracts only, as defined in para 12.5 of the DRDO Procurement Manual, PM 2016, as amended. However, Warranty Bond would continue to be obtained from successful development partner to cover the DRDO/ ATVP interest during the warranty period.

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