The total estimated project cost is approximately ₹53,99,86,212.44, which includes all civil works, materials, and safety features. Payment will be made on a fixed-rate basis, with milestones aligned to project progress. The payment schedule is as follows:
- 10% advance payment upon contract signing.
- 40% after completion of earthwork and base layers.
- 30% after surfacing and safety features installation.
- Remaining 20% after final inspection and approval.
Bidders must submit financial proposals in the prescribed format, ensuring transparency and compliance with the tender guidelines. All costs should be inclusive of taxes, duties, and other applicable charges.