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Revision of Performance Guarantee in Service Contracts

No.2017/EnHM/25/11 · 2024-01-01
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Circular numberNo.2017/EnHM/25/11
Date2024-01-01
TypeCommercial Circular
Topicreservation
CurrencyCurrency not verified

Summary

Revision of Performance Guarantee in Service Contracts Sub: Revision of Performance Guarantee in Service Contracts.

Text of the circular

2017/EnNHM/25/11

भास्त aeR/GOVERNMENT OF INDIA
फैल मंतालय /MINISTRY OF RAILWAYS
Yat als/(RAILWAY BOARD)

No.2017/EnHM/25/11 New Delhi dated. 24.05.2024

To,
As per list attached.

Sub: Revision of Performance Guarantee in Service Contracts.

Ref: 1. Ministry of Finance's OM No. F.1/2/2023-PPD dated 01.01.2024 titled
Amendment in General Financial Rules, 2017 — Rule 171(i) Performance
Security Regarding.
2. This office letter of even number dt. 11.12.2020.

Board (M/TRS & MF) have decided to reduce the Performance Guarantee for services
contracts, as given in Para 4.11 of GCC for Services, from 10% to 5% for all future Service
Contracts of Indian Railways.

2. This issues with the concurrence of Finance Directorate of the Ministry of Railways.

Signed by
Ajay Jha

खरीफ 11:39:05
Director/EnHM
Railway Board

No. 2017/EnHM/25/11 New Delhi, Dated — 24.05.2024
The PFAs, All Indian Railways.

Dy. Comptroller & Auditor General of India (Railways), Room No. 2. Soha Rail Bhawan,
New Delhi. by

Sanjeet Kumar
Date: 24-05-2024 13:03:46

For Member (Finance)
Railway Board

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