All sellers are hereby notified that strict action would be taken against them and their account will be suspended for 30 days as per the provision in IM policy if it is found that:
1. Seller withdraws or modifies or impairs or derogates from the bid in any respect during the period ranging from bid publication to bid closure by way of placing of order in favour of bidder(s) and/or award including signing off by bidder(s).
2. Seller furnishes information/ documents bids which are inaccurate, false, misleading or forged.
3. Seller fails to furnish requisite performance security / PBG within stipulated time required as per e-bid / RA conditions.