Common use of Forfeiture of EMD/SD Clause in Contracts

Forfeiture of EMD/SD. If the successful Bidder fails to act according to the Tender conditions or withdraws the offer after their tender has been accepted, their EMD/SD will be forfeited to the District Collector/Chairman, DRDA.

Appears in 5 contracts

Samples: Construction Contract, Contract Agreement, Supply and Installation Agreement

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