Earnest Money Deposit

« Back to Glossary Index

Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a Bidder along with its tender. Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender. EMD deposited by the unsuccessful tenders will be refunded by way of handing over the original Demand Draft/ Bankers Cheque duly endorsed by the Competent Authority of the Centre. The Earnest Money of the Successful Tenderer will be adjusted against the Security Deposit to be recovered from the running account bills.

If you are a Contractor and want to track your Construction Projects from anywhere & anytime , then check out this mobile app – Onsite Construction Diary

« Back to Glossary Index