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For the first time, which Government owned company has introduced new General Conditions of Contracts (GCC)for services, which defines terms & conditions for contractors engaged in service contracts for non-operational areas such as Facilities Management, Housekeeping, Consultancy etc.
  • a)
    Indian Railways
  • b)
    Air India
  • c)
    Hindustan Petroleum
  • d)
    ONGC
  • e)
    Indian Bank
Correct answer is option 'A'. Can you explain this answer?
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For the first time, which Government owned company has introduced new ...
For the first time, Indian Railways has introduced new General Conditions of Contracts (GCC) for Services. GCC for services defines terms & conditions for contractors engaged in service contracts for non-operational areas such as Facilities Management, Housekeeping, Consultancy etc. Under the new policy of GCC for Services, concepts of Digital Labour Management System and stepped Performance Guarantee in place of Security Deposit, have been introduced for the first time. As per digital management labour system, a contractor has to compulsorily maintain a data base of all workers including their attendance data and salary details. The concept of stepped performance guarantee (which replaces Security Deposit) reduces the financial burden on the contractor. However it emphasises service delivery by having a provision of confiscation of part performance guarantee in case of unsatisfactory output.
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For the first time, which Government owned company has introduced new General Conditions of Contracts (GCC)for services, which defines terms & conditions for contractors engaged in service contracts for non-operational areas such as Facilities Management, Housekeeping, Consultancy etc.a)Indian Railwaysb)Air Indiac)Hindustan Petroleumd)ONGCe)Indian BankCorrect answer is option 'A'. Can you explain this answer?
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For the first time, which Government owned company has introduced new General Conditions of Contracts (GCC)for services, which defines terms & conditions for contractors engaged in service contracts for non-operational areas such as Facilities Management, Housekeeping, Consultancy etc.a)Indian Railwaysb)Air Indiac)Hindustan Petroleumd)ONGCe)Indian BankCorrect answer is option 'A'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about For the first time, which Government owned company has introduced new General Conditions of Contracts (GCC)for services, which defines terms & conditions for contractors engaged in service contracts for non-operational areas such as Facilities Management, Housekeeping, Consultancy etc.a)Indian Railwaysb)Air Indiac)Hindustan Petroleumd)ONGCe)Indian BankCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for For the first time, which Government owned company has introduced new General Conditions of Contracts (GCC)for services, which defines terms & conditions for contractors engaged in service contracts for non-operational areas such as Facilities Management, Housekeeping, Consultancy etc.a)Indian Railwaysb)Air Indiac)Hindustan Petroleumd)ONGCe)Indian BankCorrect answer is option 'A'. Can you explain this answer?.
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