EMD vs Security Deposit — what's the difference?
Two different deposits that bidders often confuse.
3 min read · Free guide from Bidrove
- EMD (Earnest Money) is paid with your bid to show you're serious — refunded if you don't win.
- Security Deposit / Performance Guarantee is paid only by the winner, to guarantee good performance.
- The Security Deposit is held during the contract and released after successful completion.
- Read the tender for the exact percentages and forms accepted (DD, BG, online).
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