Performance Security Calculator

Performance Security Calculator Estimated Cost (NPR): Bid Price (NPR): Calculate Note: - As per Nepal's Public Procurement Regulations, Performance Security is required to ensure the selected bidder fulfills the contract. - This formula is used when the bid price is below 85% of the estimated cost. - If the bid is 85% or more, only 5% of the bid price is generally required. - Ensure compliance with Clause 27 and Rule 75 of Public Procurement Regulation.