Exemption of Earnest Money for Labour Co-operative Societies
Finance, Earnest Money 👁️ 192
Labour Co-operative Societies are exempted from payment of Earnest Money against all tenders of the Government. These Societies, if selected through tender, will have to furnish requisite Security Deposit.Government of West Bengal
Finance Department
Audit Branch
Nabanna, Howrah-711 102.
No. 6718-F(Y) Date: 08.09.2015
MEMORANDUM
In partial modification of this Department Memorandum No. 6204-F(Y), dated 17.08.2015 it is stated that in terms of Note (v) under Rule 32 of the West Bengal Financial Rules, Vol. I, Labour Co-operative Societies are exempted from payment of Earnest Money only against all tenders of the Government. These Societies, if selected through tender, will have to furnish requisite Security Deposit for performance of the work.
Sd/- G. Samanta
CAO & EO Joint Secretary to the
Government of West Bengal