The estimated project cost is approximately ₹17,01,119.96. Bidders must submit a bid that includes a percentage rate for the entire scope of work. The financial proposal should be detailed in the prescribed format and include all costs associated with materials, labor, and overheads. Payment will be made based on milestones achieved, with the following schedule:
- 10% advance upon contract signing.
- 40% after completion of foundation and base work.
- 40% after paving and surface finishing.
- 10% after final inspection and approval.
The bid must be valid for 120 days from the submission deadline. All financial documents should be submitted along with the bid, including proof of tender fee and EMD. The total bid amount should not exceed the estimated cost unless justified and approved.