Q
Where formal signing is required, a procurement contract comes into force from:
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A
The date both procuring agency and successful bidder affix signatures
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B
The date of announcement of evaluation report
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C
The date of performance guarantee submission
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D
The date of notice of acceptance
Correct Answer:
A. The date both procuring agency and successful bidder affix signatures
Explanation:
Rule 44(b); without formal signing → from notice of acceptance/PO (44(a)); conditional contracts → on fulfilment.
