The estimated project cost is INR 5,56,837, with a required earnest money deposit (EMD) of INR 7,500. The bid must include detailed cost breakdowns covering material, labor, testing, and miscellaneous expenses. Payments will be made in accordance with project milestones, with a schedule as follows:
| Payment Stage |
Percentage |
Conditions |
| Initial |
30% |
On start of work |
| Progress |
50% |
After completion of bus strengthening |
| Final |
20% |
Post successful testing and commissioning |
Bidders must submit financial documents including IT returns, balance sheets, and profit/loss statements of the last three years. The total bid value should align with the estimated cost, with provisions for variation as per contractual terms. The bid should also specify any additional costs or contingencies.