Additional Performance Security when the bid rate is 80% or less of the Estimate put to tender and no increase in scope of work of projects during execution phase.
security deposit
Transfer of EMD to Security Deposit Head Account
Procedure for Transfer of EMD received online through the e-tender portal to the Security Deposit Head of Account maintained at the Treasury/PAO.
Duration of Defect Liability Period in Road Works
For repair and maintenance nature of bituminous road work or combination thereof the Defect Liability period should be considered as one year.
Refund of Tax/ Non-Tax Revenue incl. EMD/ SD Money
In respect of EMD/SD money, refund will be drawn on sanction of respective Departmental Officer in whose favour amount has been deposited through GRIPS portal.
Release of Payment to Executing Agency by Administrative Dte
Performance security: 5 percent after lapse of the test performance period/ Defect Liability Period to be fixed by the competent authority of the Department concerned.