Examples of Additional Security Deposit in a sentence
A contractor who has executed standing security Bond but not corresponding to the appropriate class as mentioned above, shall lodge with the Accepting Officer, Additional Security Deposit as notified by the Accepting Officer within thirty days of the receipt of his notification of acceptance of his tender/bid, failing which this sum will be recovered from the first RAR payment or from the first final bill.
The contractor may at his discretion furnish in lieu of Additional Security Deposit or Security Deposit a Bank Guarantee Bond executed by any nationalized/Schedule Bank for the said amount.
Additional Security Deposit: in case L-1 bidder quotes abnormally low rates (i.e. Certain percentage above or below estimated project cost), SBI /the bank may ask such bidder to deposit additional security deposit (ASD) as mentioned in the cautioned note in Page no-4 of this NIT.
Refund of Additional Security Deposit The additional security deposit shall be released within 30 days of issue of ‘Certificate of Completion’ with respect to the whole of the Works.
Additional Security Deposit The additional security deposit will be applicable when a rebate of more than of 12 % at the rate of with no maximum limit.