SECURITY DEPOSIT (SD). The successful bidder (Contractor) shall submit the Security Deposit @ 5 % of the value of order (excluding Taxes) within 25 days from the date of Order/Contract. Security deposit on reducing balance can be accepted on completion of services. Reducing balance bank guarantee towards security deposit is to be submitted by successful bidder where it will be valid for at least one year with claim period of three months within which t he same can be extended for further period by amendment.
Appears in 2 contracts
SECURITY DEPOSIT (SD). The successful bidder (Contractor) shall submit the Security Deposit @ 5 3 % of the value of order (excluding Taxes) within 25 days from the date of Order/Contract. Security deposit on reducing balance can be accepted on completion of services. Reducing balance bank guarantee towards security deposit is to be submitted by successful bidder where it will be valid for at least one year with claim period of three months within which t he same can be extended for further period by amendment.
Appears in 1 contract
Samples: mazagondock.in
SECURITY DEPOSIT (SD). The successful bidder (Contractor) shall submit the Security Deposit @ 5 @3 % of the value of order (excluding Taxes) within 25 days from the date of Order/Contract. Security deposit on reducing balance can be accepted on completion of services. Reducing balance bank guarantee towards security deposit is to be submitted by successful bidder where it will be valid for at least one year with claim period of three months within which t he same can be extended for further period by amendment.
Appears in 1 contract
Samples: Service Level Agreement
