Refund of EMD. EMD of unsuccessful bidders received shall be refunded online through the same mode only. The refund of EMD to bidders who fail to qualify the eligibility /technical stage shall be initiated automatically within 15 days of opening of financial bid.
Refund of EMD a) E.M.D of the unsuccessful bidders will be released immediately in next three days without asking any application from the Applicant, at the level of HOD through SRM system and without any insistence of the sanction of the competent authority.
Refund of EMD i. If the successful tenderer commences supplies / work and also lodges the security deposit in the manner prescribed and within the period specified, MRPL shall return to him Xxxxxxx Money Deposit, paid by him without any interest thereon.
Refund of EMD. The EMD(s)of disqualified bidders will be refunded immediately after completing technical evaluation of the tender.EMD of unsuccessful bidders will be refunded after completing the E-auction of the respective plot. The EMD of successful bidder will be refunded on remittance of Security Deposit, upfront payment and depreciated cost of building (if applicable).
Refund of EMD. 3.7.5.1 The EMD will be returned to unsuccessful Bidder(s) after the award of work to the successful bidder.
Refund of EMD. The EMD amount paid by the Successful Bidder(s) will be adjusted towards Security Deposit payable by them. If the successful Bidder submits Security Deposit for the stipulated value in full by way of Bank Guarantee, the EMD will be refunded. The EMD amount of the unsuccessful Bidder will be refunded after finalisation and issue of firm purchase order to the Successful Bidder.
Refund of EMD. On satisfactory performance of the contract and on receipt of “No. Demand” certificate from the GM(W) the EMD will be refunded to the Supplier provided that no claim whatsoever against the Supplier and nothing is due from the Supplier and that the Supplier has completed the work to the entire satisfaction of the Company. Withholding or forfeiture of EMD:- Without prejudice to the rights of the Company to claim damages arising on account of breach of contract under the Contract ACT−1972 the EMD shall be liable to the withholdƒforfeited wholly on partially at the sole discretion of the Company should be borne by Supplier either full or fulfill his contractual obligations on the settle in full dues to the Company.
Refund of EMD. EMD of the unsuccessful Tenderers if paid in Cash / Demand Draft / Banker’s Cheque will be returned within 15 days from the date of placing of the order to the successful Tenderer through RTGS / NEFT for credit to his Bank Account. The Bidder shall have to give details of his Bank Account with a Cheque duly cancelled. No claim for refund of EMD against original Money Receipt shall be entertained by the Company. The Bank Guarantee of the unsuccessful Tenderers towards EMD shall be returned within 15 days from the date of placing of the order to the successful Tenderer. However, the EMD Amount / Bank Guarantee of technically disqualified bidder will be returned within 15 days from opening of price bids. The details of refund of EMD by RTGS with transaction No. should be informed to respective bidder by letter/ e-mail etc. EMD will be returned to the successful Bidders, only on their submission of Performance Guarantee towards execution period (i.e. Security Deposit) against order released on them.
