Calculate Earnest Money Deposit requirements, bid security declarations, and performance guarantee amounts as per GFR 2017 and state procurement rules.
Act as a procurement finance specialist under GFR 2017 and state rules. Calculate bid securities for [TENDER_TITLE], estimated value Rs.[ESTIMATED_VALUE]. Compute: (1) EMD amount — standard 2-3% of estimated value or as specified in NIT, (2) EMD exemption eligibility — MSME registered under MSMED Act, startups under DPIIT, (3) Acceptable EMD instruments — bank guarantee format, FDR, BG validity period (minimum 45 days beyond bid validity), (4) Performance security — 5-10% of contract value per Rule 171 of GFR, (5) Security deposit deductions from running bills, (6) Bid security declaration format per latest GFR amendment replacing EMD, (7) Forfeiture conditions and dispute resolution, (8) Timeline for EMD refund to unsuccessful bidders. Generate compliance checklist for [STATE_RULES] if applicable.
Free to copy and use. Compatible with Claude 4 Sonnet, GPT-5, Gemini 2.0 Flash.
Provide tender title, estimated contract value, and applicable state rules for EMD and security calculations.
Initial release
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