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Civil Engineering MCQ practice, mock tests and performance analysis for SSC JE, RRB JE, GATE, ESE and State AE/JE exams.

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While submitting a tender, a contractor is required to submit some amount to… — Answer & Solution | Civexa

Estimation and Costing · Tenders and Contracts

Tenders and Contracts MCQ with answer and solution

Very easy level · Asked in State AE, State JE, GPSC AE

While submitting a tender, a contractor is required to submit some amount to government department as guarantee to the tender work, it is termed as

Solution

Concept

Earnest money

Step-by-step solution

1. The amount deposited with the tender as guarantee of serious bidding is earnest money (EMD).

Explanation

Security deposit is taken from the successful bidder after award.

Shortcut

EMD with tender; security deposit after award.

Correct answer: C) Earnest Money

Practise more Tenders and Contracts questions

Free account: timed tests with your exam's negative marking, previous-year papers, a mistake book and weak-topic analysis.

Which of the following are included in tender documents?
For the wider publicity of tender, tender notice is published in minimum ______ daily newspapers.
EMD cannot be submitted in ________ form.
The power of an executive engineer (upgraded division) for acceptance of tender in CPWD is up to Rs. ________.
Which of the following documents are supplied by the contractor during pre-qualification process?
During the construction period, price variation clause in contracts caters to