Dates & reminders
Bid Validity & Bank Guarantee Expiry Date Calculator
Tender documents set a bid validity period, and the EMD and performance guarantees usually have to stay valid for a set time beyond it. Enter the dates to see the expiry each instrument needs.
Bid and EMD
How long your bid and earnest money guarantee must stay valid.
Bid validity
GFR 2017: 45 days beyond the final bid validity
Performance guarantee
Must cover the work, the defect liability period and a margin after.
GFR 2017: 60 days beyond completion of all contractual obligations, including warranty
Guarantee validity needed
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Deposits and guarantees you've given
Record EMDs and guarantees on a tender or contract and they'll appear here with their refund dates.
How this is worked out
Under the General Financial Rules 2017, bid security must stay valid 45 days beyond the bid validity and performance security 60 days beyond all contractual obligations, including the defect liability period. State rules and PSUs may differ — follow the NIT.
If the department asks to extend bid validity, extend the EMD guarantee too, or your bid can be rejected.
Frequently asked questions
How long should an EMD bank guarantee be valid?
Typically for the bid validity period plus an extra period (often 45 days) stated in the tender document.
Figures are for planning. The conditions in your tender document or contract always take precedence.
Let the calculators fill themselves in
With a free Digi Karya account, these tools pull in your own contracts, tenders, bills and documents — and you also get licence and GST expiry reminders, a tender workspace, milestone billing and EMD & bank guarantee tracking.