Payments under its contract. Payments to the second party for the construction work will be released by the first party in the following manner:- (i) Mobilization advance : On signing of agreement and submission of bank guarantee of 110 % of amount (format at Attachment-IX) to be kept valid till 45 days beyond the completion period (ii) On completion of work and after certification of the invoice by the nodal officer : 25% of total cost : 100% of the total cost from which the mobilization advance will be adjusted
Appears in 2 contracts
Sources: Quotation Invitation, Quotation Invitation
Payments under its contract. Payments to the second party for the construction work will be released by the first party in the following manner:-manner :-
(i) Mobilization advance : On signing of agreement and submission of bank guarantee of 110 equal amount : 10% of amount (format at Attachment-IX) to be kept valid till 45 days beyond the completion periodtotal cost
(ii) On completion of work and after certification of the invoice by the nodal officer : 25% of total cost : 100% of the total cost from which the mobilization advance will be adjusted
Appears in 1 contract
Sources: Request for Quotations
Payments under its contract. Payments to the second party for the construction work will be released by the first party in the following manner:-
(i) Mobilization advance advance: On signing of agreement and submission of bank guarantee guarantee/FDR of 110 100 % of amount (format at Attachment-IX) to be kept valid till 45 days beyond the completion periodperiod : 25% of total cost
(ii) On completion of work and after certification of the invoice by the nodal officer : 25% of total cost : 100% of the total cost from which the mobilization advance will be adjusted
Appears in 1 contract
Sources: Invitation for Quotations
Payments under its contract. Payments to the second party for the construction work will be released by the first party in the following manner:-
(i) Mobilization advance : On signing of agreement and submission of bank guarantee of 110 100 % of amount (format at Attachment-IX) to be kept valid till 45 days beyond the completion periodperiod : 25% of total cost
(ii) On completion of work and after certification of the invoice by the nodal officer : 25% of total cost : 100% of the total cost from which the mobilization advance will be adjusted
Appears in 1 contract
Sources: Invitation for Quotations