The estimated project cost is approximately ₹23,30,203.03, which includes all civil works, materials, and labor. Payment terms are structured as follows:
- 10% advance payment upon contract signing
- 40% progress payment at the halfway mark
- 50% upon completion and final inspection
Bidders must submit a detailed financial proposal, including breakdowns of costs for materials, labor, and overheads. All payments are subject to approval of progress reports and compliance with quality standards. The total bid should not exceed the estimated cost, and bidders must demonstrate financial stability through bank solvency certificates.