Specifications

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NLUO PMC CONTRACTOR
SIGNATURE AND SEAL SIGNATURE AND SEAL SIGNATURE AND SEAL
9. Period of honoring Certificate : a) 15 (fifteen) days for R.A. Bills from the date of receipt of certificate from the
Architect.
10. Total Security Deposit : 5% of the gross value of work done & claimed in each bill provided the total
security deposit i.e. ISD+ retention money shall both together not exceeding 5%
of the contract value or 5% of final bill whichever is more.
11.Initial Security Deposit : 1% of the accepted contract amount which includes the EMD