The estimated project cost is approximately ₹13,84,819.77, which includes material, labor, testing, and commissioning expenses. Payment terms are structured as follows:
- 10% advance payment upon contract signing.
- 40% progress payment after completion of erection and initial testing.
- 30% after successful commissioning.
- 20% on final acceptance and handover.
Bidders must submit a detailed financial proposal along with the bid, including a breakdown of costs for materials, labor, and other expenses. The bid validity period is 180 days from the date of submission, ensuring price stability during this period.