unpaid earnest money deposit

Discussion in 'Internal Audit' started by Madhu, Mar 29, 2014.

  1. Madhu

    Madhu Member

    What to do with the long pending unpaid Earnest Money Deposit (EMD) accepted by a Government Company? we found that there are so many unpaid (for more than 5 years) EMDs. Also there is no terms and conditions with respect time period for release or request for release of EMD in Notice Inviting Tender.

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