FORFEITURE OF EMD. Bank reserves the rights to cancel the order and forfeit the EMD if,
FORFEITURE OF EMD. (बयाना जमा क� जबती) The EMD may be forfeited, if:
FORFEITURE OF EMD. The xxxxxxx money deposited (EMD) will be forfeited if the tender withdraw or amends, impairs and derogates from the tender in any respect within thje period of validity of tender or fails to furnish the Proformance Security Deposit.
FORFEITURE OF EMD. EMD by the Tenderer may be forfeited as per NIT conditions, if:
FORFEITURE OF EMD a) If the bidder does not submit the offline tender document without valid reasons after submission of bid on e-tender portal, the EMD so deposited shall not be refunded at all. Further, in case of encountering any technical problems while uploading the bid documents, the bidder should immediately intimate or report to the Bid inviting Executive Engineer (E) for redressal.
FORFEITURE OF EMD i. When party fails to commence the supply of the gases & standards as per the supply order within the time prescribed.
FORFEITURE OF EMD i. When party fails to commence the supply of the liquid helium & standards as per the supply order within the time prescribed.
FORFEITURE OF EMD. I.14.3.1. The Xxxxxxx Money Deposit will be forfeited:
FORFEITURE OF EMD. The EMD will be forfeited to the RCB in case, after submitting the tender, the tenderer withdraws his offer or fails to execute the agreement.
FORFEITURE OF EMD a) If the bidder does not submit the offline tender document without valid reasons after submission of bid on e-tender portal, the EMD so deposited shall not be refunded at all. Further, in case of encountering any technical problems while uploading the bid documents, the bidder should immediately intimate or report to the Bid inviting Executive Engineer (E) for redressal.
b) If any tenderer withdraws his tender before the expiry of the validity period or before the issue of letter of acceptance whichever is earlier or makes any modifications in the terms and conditions of the tender which are not acceptable to the department, then the BSNL shall without prejudice to any other right or remedy, be at liberty to forfeit 50% of xxxxxxx money absolutely.
c) If contractor fails to furnish the prescribed performance guaranty within the prescribed period the amount of EMD will be forfeited without any notice.
d) If only a part of work as shown in the tender is awarded and the contractor does not commence the work, the amount of EMD with reference to estimated amount will be forfeited.
e) In case of forfeiture of EMD as prescribed in a to d above, the tenderer shall not be allowed to participate in the retendering process of the work.
