Definition
EMD is a bid security a seller deposits with the bid to show it is serious. It can be forfeited if the seller withdraws or changes its offer during bid validity, or refuses the contract after winning. Unsuccessful sellers get it back. Registered MSEs for the item and DPIIT-recognised startups are usually exempt — the bid document states the amount and exemptions.
In simple words
EMD ek 'bayana' hai — bid ke saath jama, haar gaye to wapas, beech mein bhaag gaye to zabt.
Related terms
Guides on this topic
This is a general explanation. Confirm exact limits, percentages and timelines in the bid document and on gem.gov.in.
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