Examples of Performance Security Deposit in a sentence
The Performance Security Deposit may be in the form of Demand Draft / Banker's Cheque/ Bank Guarantee issued by a Nationalized Bank.
The balance 40% of the security deposit shall be refunded to the contractor on expiry ofthree years.No interest would be paid on the Performance Security Deposit.
Performance Security Deposit should remain valid for a period of sixty days beyond the date of completion of all contractual obligations of the supplier including warranty obligations.
If the bidder does not furnish Performance Security Deposit within the stipulated time as per tender/order/contract.
The Performance Security Deposit may be in the form of a Bank Guarantee issued by a Nationalized Bank, and shall remain valid for six more months beyond validity of the contract.