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CONTENTS - Central Public Works Department

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354 APPENDIX 3<br />

(9) CPWD may at its discretion allow the clients to deposit the funds in instalment. In such cases 33-1/<br />

3% of the estimated cost should be deposited as advance. Thereafter, expenditure incurred should<br />

be reimbursed in full through monthly bills. The initial deposit of 33-1/3% would be retained for<br />

adjustment against the last portion of the estimated expenditure.<br />

(10) In cases where funds are deposited in instalments, CPWD will not be responsible for any delay,<br />

damage, stoppage of work, claims of contractors for compensation/damages etc. due to non-receipt<br />

of funds in time.<br />

You are requested to convey acceptance of the above to enable this office to proceed further.<br />

Yours faithfully<br />

Executive Engineer

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