SICOM had received suggestion in respect to Earnest Money Deposit at clause 2.12 page 16 of the RFP document. The suggestion was about consultants may be given an option to keep the Earnest Money Deposit in form of Fixed Deposit with a lien marked in favour of SICOM.

This suggestion was discussed in the pre-bid meeting and explanation was given. The same was put at Serial no 9 of the Clarification document. The remarks column state that EMD should be in form of Bank Guarantee. This remark at serial no 9, was pertaining, only to the suggestion of Fixed Deposit vis-a-vis Bank guarantee.  Else the provisions of RFP will continue to apply without any change. Thus, SICOM would accept Earnest Money Deposit in form of Demand Draft or Bank Guarantee.