Common use of Additional Security Deposit Clause in Contracts

Additional Security Deposit. If the offer of the successful tenderer is 10% or more than 10% below the amount put to tender, then the successful tenderer whose tender is accepted will have to deposit additional security deposit amount equivalent of 5% of amount put to the tender toward performance of work. This additional security deposit shall be deposited in cash /FDR of schedule Bank having branches in Maharashtra duly pledged in the name of Executive Engineer P.W.D. Amravati. at the time of acceptance of tender.. This additional security deposit towards performance shall be valid for full period of completion of work including defect liability period.Failing which such tender shall be deemed to be withdrawn and their xxxxxxx money shall be forfeited to the Govt. The additional security deposit shall be refunded within 30 days from the date of issue of satisfactory completion of defect liability period.

Additional Security Deposit. If the offer of the successful tenderer is 10% or more than 10% below the amount put to tender, then the successful tenderer whose tender is accepted will have to deposit additional security deposit amount equivalent of to 5% of the amount put to the tender contract price toward performance of work. This additional security deposit shall be deposited in cash /FDR of schedule Bank having branches in Maharashtra duly pledged in the name of Executive Engineer P.W.D. Amravati. Engineer, Special Projects (P.W.) Division, Yavatmal at the time of acceptance of tender.. This additional security deposit towards performance shall be valid for full period of completion of work including defect liability period.. Failing which such tender shall be deemed to be withdrawn and their xxxxxxx money shall be forfeited to the Govt. The additional security deposit shall be refunded within 30 days from the date of issue of satisfactory completion of defect liability period.

Additional Security Deposit. If the offer of the successful tenderer is 10% or more than 10% below the amount put to tender, then the successful tenderer whose tender is accepted will have to deposit additional security deposit amount equivalent of to 5% of the amount put to the tender contract price toward performance of work. This additional security deposit shall be deposited in cash /FDR of schedule Bank having branches in Maharashtra duly pledged in the name of Executive Engineer P.W.D. Amravati. P.W.Division Yavatmal at the time of acceptance of tender.. This additional security deposit towards performance shall be valid for full period of completion of work including defect liability period.Failing which such tender shall be deemed to be withdrawn and their xxxxxxx money shall be forfeited to the Govt. The additional security deposit shall be refunded within 30 days from the date of issue of satisfactory completion of defect liability period.

Additional Security Deposit. If the offer of the successful tenderer is 10% or more than 10% below the amount put to tender, then the successful tenderer whose tender is accepted will have to deposit additional security deposit amount equivalent of to 5% of amount put to the tender toward performance of work. This additional security deposit shall be deposited in cash /FDR of schedule Bank having branches in Maharashtra duly pledged in the name of Executive Engineer P.W.D. Amravati. at the time of acceptance of tender.. This additional security deposit towards performance shall be valid for full period of completion of work including defect liability period.Failing which such tender shall be deemed to be withdrawn and their xxxxxxx money shall be forfeited to the Govt. The additional security deposit shall be refunded within 30 days from the date of issue of satisfactory completion of defect liability period.

Additional Security Deposit. If the offer of the successful tenderer is 1015% or more than 1015% below the amount put to tender, then the successful tenderer whose tender is accepted will have to deposit additional security deposit amount equivalent of equIV Aalent to 5% of amount put to the tender contract price toward performance of work. This additional security deposit shall be deposited in cash /FDR of schedule Bank having branches in Maharashtra duly pledged in the name of Executive Engineer P.W.D. Amravati. at the time of acceptance of tender.. This additional security deposit towards performance shall be valid for full period of completion of work including defect liability period.Failing which such tender shall be deemed to be withdrawn and their xxxxxxx money shall be forfeited to the Govt. The additional security deposit shall be refunded within 30 days from the date of issue of satisfactory completion of defect liability period.

Additional Security Deposit. If the offer of the successful tenderer is 10% or more than 10% below the amount put to tender, then the successful tenderer whose tender is accepted will have to deposit additional security deposit amount equivalent of to 5% of amount put to the tender toward performance of work. This additional security deposit shall be deposited in cash /FDR of schedule Bank having branches in Maharashtra duly pledged in the name of Executive Engineer P.W.D. Amravati. at the time of acceptance of tender.. This additional security deposit towards performance shall be valid for full period of completion of work including defect liability period.. Failing which such tender shall be deemed to be withdrawn and their xxxxxxx money shall be forfeited to the Govt. The additional security deposit shall be refunded within 30 days from the date of issue of satisfactory completion of defect liability period.

Additional Security Deposit. If the offer of the successful tenderer is 10% or more than 10% below the amount put to tender, then the successful tenderer whose tender is accepted will have to deposit additional security deposit amount equivalent of to 5% of amount put to the tender toward performance of work. This additional security deposit shall be deposited in cash /FDR of schedule Bank having branches in Maharashtra duly pledged in the name of Executive Engineer P.W.D. Amravati. P.W.Division Pusad at the time of acceptance of tender.. This additional security deposit towards performance shall be valid for full period of completion of work including defect liability period.Failing which such tender shall be deemed to be withdrawn and their xxxxxxx money shall be forfeited to the Govt. The additional security deposit shall be refunded within 30 days from the date of issue of satisfactory completion of defect liability period.