Common use of FORFEITURE OF EMD Clause in Contracts

FORFEITURE OF EMD. (बयाना जमा क� जबती) a) The bidder withdraws the bid after opening of Price Bid during the period of validity of offer. b) The bidder does not accept the correction of error in bid price as indicated in Clause 37 hereinafter. c) The successful bidder fails within the specifies time limit to: i) Acknowledge the LOA/Order ii) Furnish the required Security Deposit iii) Non-performance of the contract by the Contractor

Appears in 3 contracts

Sources: Biennial Rate Contract for Fitment of Lagging & Lining, Biennial Rate Contract for Fitment of Lagging & Lining Outside Modular Accommodation for FPVS, Biennial Rate Contract