भारत सरकार/GOVERNMENT OF INDIA
रेल मंत्रालय / MINISTRY OF RAILWAYS
रेलवे बोर्ड / (RAILWAY BOARD)
No.2017/EnHM/25/11
New Delhi dated. 24.05.2024
To,
As per list attached.
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
Director/EnHM
Railway Board
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