The estimated project cost is INR 89,21,148.14, which includes all civil works, materials, labor, and miscellaneous expenses. Bidders are required to submit an Earnest Money Deposit (EMD) as specified in the tender documents. Payment will be made in installments based on project milestones:
- 10% advance on contract signing.
- 40% after completion of foundation and structural work.
- 30% after roofing and initial finishes.
- 20% upon final inspection and handover.
The bid should include detailed cost breakdowns, and all prices must be inclusive of applicable taxes and duties. The successful bidder will be paid according to the schedule, with penalties for delays as per the terms and conditions.