How to Track EMD, FDR and Performance Security Across Contracts?
Government contractors should track every EMD, FDR and Performance Security with contract number, amount, bank details, validity, expiry and release status. This prevents missed renewals, blocked funds and delayed refunds.
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ARTICLE CONTENT
How to Track EMD, FDR and Performance Security Across Contracts?
Every tender security should be linked to the correct contract.
Track:
- Contract number
- Buyer / Department
- Security type
- Amount
- FDR / BG number
- Bank
- Issue date
- Validity
- Expiry date
- Release status
Simple Workflow
Tender → EMD → Contract Award → Performance Security → Contract Completion → Release / Refund
Why Is Tracking Important?
Poor tracking can lead to:
- Missed expiry dates
- Unnecessary bank charges
- Blocked working capital
- Delayed FDR release
- Forgotten EMD refunds
- Contract compliance issues
Best Practice
Use clear statuses:
- Active
- Expiring Soon
- Release Due
- Released
- Refunded
Set reminders before expiry.
Important
Do not treat EMD, FDR and ePBG as separate bank records only.
They should remain linked to the:
Contract → Buyer → Amount → Validity → Release
Conclusion
Tender securities affect both compliance and cash flow.
DhirekOne helps contractors track EMD, FDR, performance security, expiry and release contract-wise from one dashboard.