Examples of Additional Security Deposit in a sentence
The Additional Security Deposit shall be applicable when a rebate of more than of 12% at the rate of which no maximum limit.
In case the tender/bid is accepted, the amount of Additional Security Deposit will be as notified by the Accepting Officer.
Additional Security Deposit: in case L-1 bidder quotes abnormally low rates (i.e. Certain percentage above or below estimated project cost), SBI /the bank may ask such bidder to deposit additional security deposit (ASD) as mentioned in the cautioned note in Page no-4 of this NIT.
Ex: if the bidder quotes 20% below ECV, then he has to pay ASD (Additional Security Deposit) of 10% of Estimated Contract Value on receipt of detailed order, along with performance security with in prescribed time, failing which the order will be cancelled and Bid Security forfeited.
Additional Security Deposit The additional security deposit will be applicable when a rebate of more than of 12 % at the rate of with no maximum limit.