Common use of Refund of EMD Clause in Contracts

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. EMD of unsuccessful bidders received through bank transfer mode (RTGS/NEFT) shall be refunded online through the same mode onlyonly and it shall be refunded in the bank account whose detail is required as per “Annexure – J” to be submitted as part of technical bid. The refund of EMD to bidders who fail to qualify the eligibility /technical eligibility/technical stage shall be initiated automatically within 15 days of opening of financial bidFinancial Bid.

Refund of EMD. EMD of unsuccessful bidders received through bank transfer mode (Online) shall be refunded online through the same mode onlyonly and it shall be refunded in the bank account whose detail is required as per “Annexure – J” to be submitted as part of technical bid. 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. EMD of unsuccessful bidders received shall be refunded online through the same mode onlyrefunded. The refund of EMD to bidders who fail to qualify the eligibility /technical / technical stage shall be initiated automatically refunded within 15 ‘7’ days of their rejection. For all bidders whose financial bids are opened the refund of the EMD except for H1 bidder shall be processed within 7 days of opening of the financial bid.