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.

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.

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.

Procedure for Release of Security Deposit for Electrical Works

Where defect liability period is more than one year from the works completion date. i) 70% on completion of one year ii) 30% on completion of defect liability period.

Two Types of Bituminous Overlay as Surfacing

The stretches of the road to be chosen in such a manner that the proposed bituminous layer of 40mm is compatible with the present road condition.

Additional Performance Security in Road Projects

If the bidder fails to complete the work successfully, the Additional Performance Security shall be forfeited at any time during the pendency of the Contract period after serving proper notice to the Contractor.