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