Electrical Engineering · Estimating and Costing
With reference to tenders, which of the following statements is INCORRECT?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Normally, the tender offering the lowest rates is accepted.
- 2The sealed tenders are invited publicly through newspapers.
- 3The earnest money is never returned to the unsuccessful contractors after disposal of the tender.✓
- 4Tenders are invited on a tender form prescribed by the purchase department.
Correct answer
The earnest money is never returned to the unsuccessful contractors after disposal of the tender.
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