Security Deposit

• Additional Performance Security when Bid is 80% or Less
• Bank Guarantee Repository System (BGRS) by ICICI Bank
• Refund of Tax/ Non-Tax Revenue incl. EMD/ SD Money
• Benefit of Reduced Performance Security/ Security Deposit of 3%
• Duration of Defect Liability Period in Govt. Works
• Releasing Security Deposit after Completion of Work
• Release of Security Deposit/ Bank Guarantee to Contractor
• Transfer of EMD to Security Deposit Head Account
• Performance Security/ Security Deposit reduced to 3%
• Additional Performance Security in Road Projects
• Procedure for Release of Security Deposit for Electrical Works
• Depositing Earnest Money by Labour Co-Operative Societies
• Release of Payment to Executing Agency by Administrative Dte
• Duration of Defect Liability Period in Road Works
• Two Types of Bituminous Overlay as Surfacing