Examples of Initial Security Deposit in a sentence
Initial Security Deposit for the work shall be @ 2% of contract price.
Out of this 2% of contract value is in the form of Initial Security Deposit (ISD) which includes the EMD.
The Initial Security Deposit will have to be paid and also work should be started within two weeks from the date of work order failing which the Owner at his discretion may revoke the acceptance and forfeit the Earnest Money Deposit furnished along with the Tender.
Out of this NIL of contract value is in the form of Initial Security Deposit (ISD) which includes the EMD.
Apart from the Initial Security Deposit as above, Retention Money shall also be deducted from progressive running bills at 8% of the value of each running bills until the Retention Money equals 10% of the accepted tender amount.