Common use of Initial Security Deposit Clause in Contracts

Initial Security Deposit. The successful tenderer will have to submit a sum equivalent to 2% of accepted tender value less EMD by means of DD drawn in favour of SBIIMS Pvt. Ltd. within a period of 15 days of acceptance of tender.

Appears in 3 contracts

Sources: Annual Maintenance Contract (Amc) for Fire Alarm System, Non Comprehensive Annual Maintenance Contract, Comprehensive Annual Maintenance Contract (Camc) for Air Conditioners