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54Dy.Ex. Engr.percent to 10 percentaccording to therequirement of thecase where securitydeposit is taken seenot 1 to clause 1 ofconditions ofcontract(f) Give Schedulewhere necessaryshowing dates bywhich the variousitems are to becompleted.make up the total amountrequired as security deposit 4%Percentby the time, half the work, asmeasured by the costs, is done.(f) Time allowed for the work fromthe date of written order to commence -12 Calendar Months.( Twelve CalendarMonths) .( Including Monsoon)2. I/We agree that the offer shall remain open for acceptancefor a minimum period of 120 days from the date fixed for openingthe same and thereafter until it is withdrawn by me/us by noticein writing duly addressed to the authority opening the tendersand sent by registered post A.D. or otherwise delivered at theoffice of such authority. Treasury/ Bank Challan No.__________________________ and date ________________ orTerm Deposit Receipt for a period of one year receipt no. and date______________ In respect to the sum ofRs._____________________________ ( in words -_________________________________________________________________________)representing the earnest money is herewith forwarded.The amount of earnest money shall not bear interest andshall be liable to be forfeited to the Government should I/We fail to(i) abide the stipulations to keep the offer open for the periodmentioned above or (ii) Sign and complete the contractdocuments as required by the Engineer and furnish the securitydeposit as specified in item (d) of the memorandum contained inparagraph (1) above within the time limit laid down in clause (1)of the annexed General Conditions of Contract. The amount ofearnest money may be adjusted towards the security deposit orrefunded to me/us if so desired by me/us in writing unless thesame or any part thereof has been forfeited as aforesaid.3. I/We have secured exemption from payment of earnestmoney after executing the necessary bond in favour of theGovernment, a true copy of which is enclosed herewith should anyoccasion for forfeiture of earnest money of this works arise due tofailure on my/ our part to (i) abide by the stipulations to keep theoffer open for the period mentioned above or (ii) sign andcomplete the contract documents and furnish the security depositas specified in item (d) of the memorandum contained inparagraph (a) above within the time limit laid down in clause (a) ofthe annexed General Conditions of Contracts, the amountpayable by me/us may, at the option of the Engineer, berecovered out of the amount deposited in lumpsum for securing.Signature of Contractor No. of Corrections Executive Engineer