Security Deposit

Security deposit is deducted from the contractor’s bill at the rate of ten percent of the final bill value which is later on released after the defect liability period is over.

• Depositing Earnest Money by Labour Co-Operative Societies
• Benefit of Reduced Performance Security/ Security Deposit of 3%
• Performance Security/ Security Deposit reduced to 3%
• Release of Security Deposit/ Bank Guarantee to Contractor
• Additional Performance Security when Bid is 80% or Less
• Duration of Defect Liability Period in Govt. Works
• Transfer of EMD to Security Deposit Head Account
• Duration of Defect Liability Period in Road Works
• Refund of Tax/ Non-Tax Revenue incl. EMD/ SD Money
• Releasing Security Deposit after Completion of Work
• Release of Payment to Executing Agency by Administrative Dte