Earnest Money

Earnest Money amounting to 2 percent of the estimated value of the work for which tender has been called for, shall have to be deposited by all intending tenderers.

• Depositing Earnest Money by Labour Co-Operative Societies
• Exemption of Earnest Money Procurement through GeM
• Additional Performance Security when Bid is 80% or Less
• Instant Release of EMD for Unsuccessful Bidders
• Transfer of EMD to Security Deposit Head Account
• Linking of Bank Account with ICICI Payment Gateway
• Earnest Money Deposit through e-Procurement Portal
• Refund of Tax/ Non-Tax Revenue incl. EMD/ SD Money
• Exemption of Earnest Money for Labour Co-operative Societies
• Online Receipt and Refund of EMD through e-Tender Portal
• Security Deposit and Earnest Money: Amendment in PWD Code
• Exemption of Earnest Money and Security Deposit for SSI units