The petitioner has been awarded with a contract work by the Kerala Water Authority, having proximate value of Rs.21,70,21,000/-. As per Exhibit P1, the petitioner is required to provide security deposit and performance guarantee to the tune of Rs.1,08,52,000/-. Fifty percent of the amount is to be provided in the form of Treasury deposit and the balance 50% in the form of bank guarantee. As per the averments in the writ petition, the petitioner has executed other work for the Kerala Water Authority and an amount of Rs.54,26,000/- is due towards the executed works. The petitioner relies on Exhibit P6 circular issued by the Public Works Department, permitting adjustment of amounts due to the contractors under completed works towards security deposit for new contracts awarded to them. It is alleged that, in spite of repeated request for adjustment of the pending payments towards the security deposit and performance guarantee to be provided at the time of execution of agreement pertaining to the new award, the respondents have not taken any positive action, resulting in execution of the agreement and commencement of the work getting