Computer · Tenders and Contracts
While submitting a tender, the contractor is required to deposit a certain amount with the department as a guarantee of the tender's validity, which is known as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Earnest money deposit✓
- 2Security deposit
- 3Caution money
- 4Bank guarantee
Correct answer
Earnest money deposit
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