Requirement of earnest or deposit money while responding to tenders or enquires issued by various users of professional services or organizations from time to time.

The Council at its 301st meeting held on 20th -22nd December, 2010 while accepting the recommendations of Ethical Standards Board interference with the practices prevailing for requirement of EMD/Deposit is not required.However, on having received complaint/instance of exorbitant EMD/Deposit, the Ethical Standards Board will look into the matter on case to case basis.

The Council also decided that a cost sheet be maintained by members of the Institute responding to tenders and accepting the professional work based thereupon, incorporating details of the costs being incurred therein having regard to number of persons involved, hours to be spent,etc,so that the same may be called for by the Institute for perusal.