EMD Calculator
Enter the estimated value of a tender to see the earnest money deposit and the performance security you would need.
The estimated cost stated in the tender notice.
Your estimate
Enter the estimated tender value to see the EMD and the performance security.
Common questions
- What is EMD in a tender?
- EMD (earnest money deposit), also called bid security, is a refundable amount a bidder deposits with a bid to show the bid is serious. It is returned to unsuccessful bidders after the contract is awarded. It can be forfeited if a bidder withdraws the bid during its validity period, or wins and then does not sign the contract or furnish the performance security.
- How much is the EMD?
- The tender document states the amount. Under the central government's General Financial Rules, bid security is ordinarily between two and five percent of the estimated value of the tender. State governments, public sector undertakings and local bodies follow their own rules, so the percentage can differ.
- Who is exempt from EMD?
- In central government tenders for goods and services, micro and small enterprises with Udyam registration and startups recognised by DPIIT are generally exempt from EMD. The exemption is not universal: many works tenders and many state tenders do not offer it, or ask for a bid security declaration instead. Read the EMD clause of the tender before relying on an exemption.
- What is performance security?
- After a tender is awarded, the winning bidder furnishes performance security: a percentage of the contract value, stated in the tender, held until the contract is completed. Being exempt from EMD does not exempt a bidder from performance security.
- In what form is EMD paid?
- The tender lists the accepted forms. Common ones are online payment on the procurement portal, a bank guarantee, a demand draft, a fixed deposit receipt and, in some tenders, an insurance surety bond.
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