This short introductory course offers basic concepts and exercises on the quantification of medicines and health products.
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Once a purchase order or contract has been awarded, the successful bidder/supplier may be asked to provide financial guarantee in the form of performance guarantee (as % of the total contract value). The following forms of guarantee may be accepted:
The performance guarantee is used for guaranteeing the performance of contract by the supplier in accordance with the requirements of the contract. It should be deposited within a specified time after notification of award. Release of the sum may be made in whole or in parts, conditional upon progress of contract performance, inspection and acceptance etc. The procedure is prescribed by the entity in the tender documentation, upon considering the characteristics and actual needs of the procurement. Performance guarantee may be forfeited in cases of unsatisfactory performance or violation of contract terms.