Can someone explain me this line from a tender document-
''The Earnest Money shall be forfeited if the bidder withdraws the offer during the interval between the last date and time of submission of the offer or any extension thereof and expiration of the validity period of the offer including extension thereof.''
Does this mean that if I have paid EMD and if I now withdraw my bid then the EMD will be forfeited?
CAclubindia
