Public Procurement Financial Standards

Tender EMD, PBG and Delay Penalty Calculator

Compute statutory Earnest Money Deposit (GFR Rule 170), Performance Bank Guarantee (GFR Rule 171), state stamp duty, Liquidated Damages (0.5%/week delay), and Section 51 GST TDS for public contracts.

Tender Contract Parameters

₹
Enter the tender notice estimated value (e.g. ₹ 1 Crore).
2.0%
GFR 2017 Rule 170 mandates 1% to 5% bid security for all open tenders.
5.0%
Standard PBG under GFR Rule 171 is 3% to 5% of contract value.
Delay penalty rate is 0.5% per week up to statutory 10% maximum cap.
Payable EMD Amount
₹ 2,00,000
2.0% of Taxable Tender Value
Required PBG (ePBG)
₹ 5,90,000
LD Delay Deduction
₹ 0

Procurement Breakdown

Total Contract Value (incl. GST)₹ 1,18,00,000
Applicable Works GST₹ 18,00,000
Section 51 TDS on GST (2%)₹ 2,00,000
Estimated Bank Guarantee Stamp Duty₹ 5,900
Net Contractor Payout (Post LD)₹ 1,18,00,000
Running Account Bill Rules: On each RA bill, government procuring agencies typically deduct: 5% Retention Money / Security Deposit (released after DLP), 2% Income Tax TDS (Section 194C), 2% GST TDS (Section 51), and 1% Labour Welfare Cess (BOCW Act).

Statutory Public Procurement Guidelines

GFR 2017 Rule 170 (EMD)

Bid security is taken to safeguard against bidder withdrawal before contract finalization. Must remain valid for 45 days beyond the final bid validity period. Unsuccessful bidders receive refunds within 30 days of award.

GFR 2017 Rule 171 (PBG)

Performance Security ensures faithful execution of the contract. Standard rate is 3% to 5% (previously 5% to 10%). Validity must cover the entire contract duration plus a buffer of 60 days beyond all contractual obligations including warranty.

Liquidated Damages Clause

If the contractor fails to deliver goods or execute milestones within the stipulated timeframe, the procuring authority levies liquidated damages at 0.5% of the contract value per week of delay, capped at 10% maximum.

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