Duration of Defect Liability Period in Road Works
For repair and maintenance nature of bituminous road work or combination thereof the Defect Liability period should be considered as one year.
Security Deposit
Security deposit is deducted from the contractor’s bill at the rate of ten percent of the final bill value which is later on released after the defect liability period is over.
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Refund of Tax/ Non-Tax Revenue incl. EMD/ SD Money
In respect of EMD/SD money, refund will be drawn on sanction of respective Departmental Officer in whose favour amount has been deposited through GRIPS portal.
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Releasing Security Deposit after Completion of Work
Security Deposit will be released after issuance of Completion Certificate on submission of unconditional BANK GUARANTEE by the Contractor for the Security Deposit.
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Procedure for Release of Security Deposit for Electrical Works
Where defect liability period is more than one year from the works completion date. i) 70% on completion of one year ii) 30% on completion of defect liability period.
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Release of Payment to Executing Agency by Administrative Dte
Performance security: 5 percent after lapse of the test performance period/ Defect Liability Period to be fixed by the competent authority of the Department concerned.