Common use of Submission of Tender Clause in Contracts

Submission of Tender. 3.1: Xxxxxxx money: -No tender will be considered without the deposit of the specified xxxxxxx money which will be returned to the unsuccessful tenderers on the rejection of their tenders, or earlier as may be decided by the competent authority and on production of a certificate of ................................that all tender documents have been returned, and will be retained from the successful tenders as part of the security deposit.