Administration Manual - B.E.S.T. Undertaking.

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and/or service rendered. These recoveries are adjusted against
deposits paid in respect of work done as indicted in the Outward Bill
Register.
5.9.3.1 PROCEDURES FOR CHECKING :
(a) The Revenue Section first checks the outward Bill Memo for actual
charges recoverable for work done or services rendered by the
Undertaking.
(b) The Payment Section then certifies the refund of balance deposit
amount after adjusting the recoveries due after verifying :
i] the credit entries;
ii] inclusion of actual charges
iii] the entries in the Outward Bill Register;
iv] the certificate for payment by the head of
department. The bills are passed through the
Outward Bill Register.
5.9.4 EARNEST MONEY DEPOSIT :
A) REGISTERED SUPLIERS :
Suppliers registered with the Undertaking are exempted from payment
of Earnest Money Deposit (EMD) against the tender, as shown below:
Category of
Registration
(Permanent
Deposit Amount)
‘A’ Special
(Rs.50,000/-)
‘A’
(Rs.25,000/-)
‘B’
(Rs.10,000/-)
Exemption Limits Additional E.M.D.
Payable
No EMD for all
tenders
No. EMD upto
Rs.50 lakhs
No. EMD upto Rs.
20 lakhs.
Nil
Above Rs.50 lakhs,
EMD of Rs.50,000/-
payable for every
tender having
contractual value
above Rs.50 lakhs.
Above Rs.20 lakhs,
EMD of Rs. 50,000/-
payable for every
tender having
contractual value