Revision of Earnest Money Deposit (EMD) - regarding

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Revision of Earnest Money Deposit (EMD) - regarding total bid value (for contracts of validity less than one year), shall be

Text of the circular

Freight Marre + Cirevlar No. 18 of

दे 8 ieraonal er
भारत सरकार / Government of India ans मे Cooperatives
रेल मंत्रालय / Ministry of Railways Geel
(tad बोर्ड) / (Railway Board) ely see tes
No, 2024/NFR/(11)E-Auction/EMD-SD/01 New Delhi

Dated:41.07.2025

The General Managers,
All Zonal Railways

Subject: Revision of Earnest Money Deposit (EMD) - regarding
Ref: 1. FM Circular No. 11 of 2022, issued vide Board's letter of
even no. dated 13.06.2022

2. Board's letter no. 2024/NFR/(11)E-Auction/EMD-SD/01 dated
17.02.2025

see

‘Policy’ and ‘Standard Conditions of Contract’ for Commercial
Earning and NFR contracts awarded through e-Auctions, were issued vide
Railway Board's FM Circular No. 11 of 2022. After examination of
requests received from Zonal Railways to increase Earnest Money
Deposit (EMD), it was decided by the competent authority to increase
the amount of Earnest Money Deposit (EMD) and Security Deposit (SD)
to 10% of annual/total bid value. Accordingly, Para 11 and 12 of the FM
Circular No. 11 of 2022 were modified and notified vide Board’s letter
under reference (2).

2. In continuation, Para 5.1 and Para 9 of the ‘Standard Conditions
of Contract’ for Commercial Earning and NFR contracts awarded through
e-Auctions are also modified, as under:

“5. Earnest Money Deposit (EMD):

5.1 Earnest Money of the requisite amount, currently 10% of the
annual bid value (for contracts of validity one year or more) or 10% of
total bid value (for contracts of validity less than one year), shall be
deposited online at the time of bidding. EMD shall be submitted through
‘lien-marking” functionality available on IREPS.

9. Security Deposit (SD):

Security deposit equivalent to 10% of annual bid value as per accepted
rates (for contracts of validity one year or more), or 10% of total bid

Feeight odie Careuley Ne 18 of 2025

value (for contracts of validity less than one year) will be applicable. EMD
of the successful bidder will be kept by Railways as Security Deposit.
Security Deposit shall be refunded after successful completion of the
contract subject to payment of all dues by the contractor. No interest
shall be payable on the Security Deposit.”

2025

0S
snl बलि 2

Director Freight Marketi

No. 2024/NFR/(11)E-Auction/EMD-SD/O1 New Delhi
Dateds4 07.2025

ZB

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