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