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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.

  • 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

  • Index of Government Circulars, Notifications

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