Examples of Additional Security Deposit in a sentence
ADDITIONAL SECURITY DEPOSIT / PERFORMANCE GUARANTEEIn case L-1 bidder quotes abnormally low rates (i.e. 10% or more, below estimated project cost), the bank may ask such bidder to deposit additional security deposit (ASD) equivalent to difference of estimated cost vis-à-vis L-1 quoted amount for due fulfillment of contract as performance guarantee.
ADDITIONAL SECURITY DEPOSIT / PERFORMANCE GUARANTEE In case L-1 bidder quotes abnormally low rates (i.e. 10% or more, below estimated project cost), the bank may ask such bidder to deposit additional security deposit (ASD) equivalent to difference of estimated cost vis-à-vis L-1 quoted amount for due fulfillment of contract as performance guarantee.
The retention money will be interest free.6.2 ADDITIONAL SECURITY DEPOSIT In case L-1 bidder quotes abnormally low rates (i.e. 10% or more, below estimated project cost), the bank may ask such bidder to deposit additional security deposit (ASD) equivalent to difference of estimated cost vis-à-vis L-1 quoted amount for due fulfilment of contract.
ADDITIONAL SECURITY DEPOSIT / PERFORMANCE GUARANTEE In case L-1 bidder quotes abnormally low rates (i.e. 7.5% or more, below estimated project cost), the bank may ask such bidder to deposit additional security deposit (ASD) equivalent to difference between 92.5% of estimated cost vis-à-vis L-1 quoted amount for due fulfillment of contract as performance guarantee.
EMD obtained in the name of SBI shall be returned to them on receipt of ISD.6.0 SECURITY DEPOSIT 6.1 ADDITIONAL SECURITY DEPOSIT : -NA-.