The estimated project cost is INR 49,911,121.73, which includes supply, erection, and commissioning of electrical wiring systems. Payment will be made in installments based on project milestones:
| Payment Stage |
Percentage of Total Cost |
Description |
| Initial |
20% |
Upon contract signing and mobilization |
| Mid-Project |
50% |
After successful completion of wiring installation |
| Final |
30% |
Post-commissioning and acceptance |
Bidders must submit a detailed financial proposal, including breakdowns of material costs, labor, and overheads, along with valid bank guarantees and invoices for payments. All financial transactions are subject to approval by Surat Municipal Corporation.