No. F.9/4/2020-PPD Government of lndia Ministry of Finance Department of Expenditure Procurement Policy Division 512, Lok Nayak Bhawan, New Delhi Dated the 12th November 2O2O OFFICE MEMORANDUM Subject: Performance Security. As per Rule 171 of… GoI has decided to reduced performance security from 5-10% to 3% of the value of the contract till 31-12-2021