The total estimated contract value is approximately 996,353 INR, which includes materials, labor, testing, and maintenance costs for 12 months. The tender fee is 1,062 INR, and the earnest money deposit (EMD) is 9,964 INR. Payment shall be made in accordance with the following schedule:
| Payment Stage |
Percentage |
Details |
| Upon contract signing |
10% |
Advance payment after agreement |
| Progress Payments |
70% |
Based on work completion milestones |
| Final Payment |
20% |
After successful completion and inspection |
All payments are subject to submission of valid invoices and necessary documentation. The contractor must ensure timely submission of bills for smooth processing. The contract terms specify that no additional costs will be paid beyond the agreed amount unless explicitly approved in writing.