The ministry of road transport and highways (MoRTH) has reinstated the provision of Earnest Money Deposit (EMD) for highway project bids, a move that will ensure only serious bidders take part in the bidding process.
“Since there is no EMD deposit, bidders are quoting abnormally low prices for the bid and after winning the bid, they start searching for sub-contractor. This tendency will have an adverse impact on quality and timely completion of important highway projects,” MoRTH said, reversing its earlier decision.
