The estimated contract value ranges from INR 50 lakh to INR 2 crore, based on project scope and location. The tender fee is INR 14,160, payable online during bid submission. The earnest money deposit (EMD) amount is specified in the tender documents and must be submitted along with the technical bid.
Payment terms:
- Bid Processing Fee: Non-refundable, paid online.
- EMD: Refundable after completion of the project or in case of bid rejection.
- Contract Payment Schedule:
- 10% advance upon contract signing.
- 40% midway through project milestones.
- 50% after successful completion and approval.
Bidders must provide detailed financial proposals, including breakdowns of costs for materials, labor, and overheads, in accordance with the prescribed format in the tender documents.