Road ministry to release excess performance security deposit to contractors to ease liquidity crunch

The ministry of road transport and highways, in a notification said it will extend the provision of capping the additional performance security deposit to 3% of the bid price to existing road contractors building highways on the engineering-procurement-construction (EPC) mode and release any additional performance security deposited by them at the time of bidding, subject to certain condition, to address the issue of availability of funds and ensure timely completion of projects.
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