Common use of XXXXXXX MONEY DEPOSIT (EMD) Clause in Contracts

XXXXXXX MONEY DEPOSIT (EMD). The tenderer shall furnish EMD of Rs. 52,000.00/- (Rupees Fifty two Thousand Only) in the form of Demand Draft drawn in favour of The Assistant General Manager (P&E), State Bank of India, Local Head Office, Bhopal payable at Bhopal. No tender shall be considered unless the EMD is so deposited in the required form along with the tender. No interest shall be paid on EMD. The EMD of the unsuccessful tenderer shall be returned within 30 days without interest after the decision to award the work is taken. All compensation or other sums of money payable by the contractor to the Employer under the terms of this contract may be deducted from the Xxxxxxx Money Deposit if the amount so permits or from any sums payable to the contractor and the contractor within ten days after such deductions shall make good the amount so deducted. 12. FORFEITURE OF EMD: Bank reserves the rights to cancel the order and forfeit the EMD if, a. Security Deposit is not submitted within the stipulated time;

XXXXXXX MONEY DEPOSIT (EMD). The tenderer shall furnish EMD of Rs. 52,000.00/- 2,00,000/- (Rupees Fifty two Thousand Two Lakh Only) in the form of Demand Draft drawn in favour of The Assistant General Manager (P&E)Regional Manager, State Bank of India, Local Head OfficeRegional Business Office – 2 , Bhopal Mandla payable at BhopalMandla. No tender shall be considered unless the EMD is so deposited in the required form along with the tender. No interest shall be paid on EMD. The EMD of the unsuccessful tenderer shall be returned within 30 days without interest after the decision to award the work is taken. All compensation or other sums of money payable by the contractor to the Employer under the terms of this contract may be deducted from the Xxxxxxx Money Deposit if the amount so permits or from any sums payable to the contractor and the contractor within ten days after such deductions shall make good the amount so deducted. 12. FORFEITURE OF EMD: Bank reserves the rights to cancel the order and forfeit the EMD if, a. Security Deposit is not submitted within the stipulated time;

XXXXXXX MONEY DEPOSIT (EMD). The tenderer shall furnish EMD of Rs. 52,000.00/- 50,000/- (Rupees Fifty two Thousand Only) in the form of Demand Draft drawn in favour of The Assistant Deputy General Manager (P&EB&O), State Bank of India, Local Head Administrative Office, Bhopal Jammu payable at BhopalJammu. No tender shall be considered unless the EMD is so deposited in the required form along with the tender. No interest shall be paid on EMD. The EMD of the unsuccessful tenderer shall be returned within 30 days without interest after the decision to award the work is taken. All compensation or other sums of money payable by the contractor to the Employer under the terms of this contract may be deducted from the Xxxxxxx Money Deposit if the amount so permits or from any sums payable to the contractor and the contractor within ten days after such deductions shall make good the amount so deducted. 12. FORFEITURE OF EMD: Bank reserves the rights to cancel the order and forfeit the EMD if, a. Security Deposit is not submitted within the stipulated time;

XXXXXXX MONEY DEPOSIT (EMD). The tenderer shall furnish EMD of Rs. 52,000.00/- 2,00,000/- (Rupees Fifty two Thousand Two Lakh Only) in the form of Demand Draft drawn in favour of The Assistant General Manager (P&E)Regional Manager, State Bank of India, Local Head OfficeRegional Business Office – 5, Bhopal REWA payable at BhopalREWA. No tender shall be considered unless the EMD is so deposited in the required form along with the tender. No interest shall be paid on EMD. The EMD of the unsuccessful tenderer shall be returned within 30 days without interest after the decision to award the work is taken. All compensation or other sums of money payable by the contractor to the Employer under the terms of this contract may be deducted from the Xxxxxxx Money Deposit if the amount so permits or from any sums payable to the contractor and the contractor within ten days after such deductions shall make good the amount so deducted. 12. FORFEITURE OF EMD: Bank reserves the rights to cancel the order and forfeit the EMD if, a. Security Deposit is not submitted within the stipulated time;