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Earnest Money deposit in SRM

Hi SRM gurus,

I am new to SRM whether is there possibilty of implementing

Earnest Money Deposit (EMD) in SRM.

In auction we have to deposit this money before bidding

Is this a Standard functionality in SRM

Please have your views

G.Ganesh Kumar

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    author's profile photo Former Member
    Former Member
    Posted on Aug 08, 2008 at 11:54 AM

    Hi Mr Ganesh Kumar,

    In SRM 7.0 pubic sector procurment supports fees and payment processes required for specific RFx types. This can take care of EMD in your scenario .

    Regards,

    RRK

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    • Former Member Former Member

      Hi,

      EMD feature is not standard functionality in SRM 4.0 or SRM 5.0. Hence it is not avaible.

      But EMD functionality is avaible in Goverment Procuremt Scenario in Tendering Process from SRM 2007 onwards. ( Addon System GP 2.0 ).

      Regards

      kalandi

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