| S.No. | Field / Checkpoint | Reference | Status |
|---|---|---|---|
| A. BG DETAILS | |||
| A1 | Contract reference + contractor name Acceptance: Linked to LOA | Mapped to award letter / agreement | OK NC NA |
| A2 | BG amount + % of contract value Acceptance: Per contract | Typically 5–10% per CPWD / 10% per FIDIC Sub-Cl. 4.2 | OK NC NA |
| A3 | Issuing bank + BG number + date of issue Acceptance: Bank confirmation obtained | Scheduled commercial bank | OK NC NA |
| A4 | Validity period (from – to) Acceptance: Validity ≥ contract end + 6 months | Contract period + DLP (12-24 months) | OK NC NA |
| B. RENEWAL / EXTENSION | |||
| B1 | Expiry alert raised 60 days before expiry Acceptance: Email / register reminder | Auto-flag in tracker | OK NC NA |
| B2 | Extension request to contractor Acceptance: Acknowledgement obtained | 30 days notice | OK NC NA |
| B3 | Renewed BG received + verified Acceptance: Renewed BG filed; old returned | Same terms, new validity | OK NC NA |
| C. INVOCATION / RELEASE | |||
| C1 | Invocation trigger — contractor default Acceptance: Notice issued before invocation | Per contract clause; documented breach | OK NC NA |
| C2 | Release after DLP completion Acceptance: Release letter to bank; BG returned to contractor | No outstanding claims | OK NC NA |