August 2023

Insights into EMD (Earnest Money Deposit) and its significance in Indian tenders

Earnest Money Deposit (EMD) plays a pivotal role in the tendering process in India. It serves as a commitment from bidders to demonstrate their seriousness and financial capability when participating in government and private sector tenders. The EMD system acts as a safeguard for tendering authorities, helping to filter out non-serious bidders and ensure that

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