No official Railway Board PDF has been traced for this entry yet. The text below was read from the document held in the library.
| Circular number | FM Circular No. 11 of 2022 |
|---|---|
| File number | no. 2024/NFR/(11)E-Auction/EMD-SD/01 |
| Date | 2022-06-13 |
| Type | Freight Marketing Circular |
| Topic | reservation |
| Currency | Currency not verified |
Revision of Earnest Money Deposit (EMD) - regarding total bid value (for contracts of validity less than one year), shall be
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
Open this circular in the search app · Search all 4,233 documents