Civil Engineering MCQAE Level Civil Engineering
While submitting a tender, the amount a contractor deposits with the department as a guarantee of the tender is known as
Construction ManagementConstruction ManagementMEDIUM
Choose the correct answer
A
bank guarantee
B
earnest money
C
security deposit
D
caution money
Correct Answer
B. earnest money
Why is this the answer?
Tender security deposited with department is earnest money.
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This MCQ belongs to WBPSC AE Previous Years Questions Series. Full tests include timed attempts, rank comparison and subject-wise analysis.