What is the percentage of earnest money deposit that a contractor has to deposit with Gram Panchayat while submitting the tenders for the development works in a Gram Panchayat area?

What is the percentage of earnest money deposit that a contractor has

1.	What is the percentage of earnest money deposit that a contractor has to deposit with Gram Panchayat while submitting the tenders for the development works in a Gram Panchayat area?
A.	2.5% on Estimate amount
B.	1% on Estimate amount
C.	1.5% on Estimate amount
D.	2% on Estimate amount
Answer» B. 1% on Estimate amount