Module 5 of 6
After you win
L1 to agreement, the security deposit, running bills and the measurement book, delays, and getting the last rupee back.
What happens after your bid is opened as the lowest: evaluation and negotiation, the Letter of Acceptance, the agreement and security deposit, how running bills are measured and paid, extension of time and liquidated damages, and completion, the final bill and the defect liability period.
Chapters
- 1L1, evaluation and negotiationBeing ranked L1 is not an award. The arithmetic check, the reasonableness test against the estimate, negotiation (only with L1, only downwards), the scrutiny committee for larger works, single-bid situations, and how long the wait usually is.6 min read
- 2LOA, agreement and the security depositWhat the Letter of Acceptance asks for and by when, the security deposit (commonly 5% of the contract value in Karnataka works), cash versus bank guarantee, additional security for low bids, signing the agreement at the division, the work order, and the start of the completion clock.6 min read
- 3Running bills, the measurement book and deductionsHow a Karnataka works bill is made: measurements recorded in the MB by the engineer, check-measurement, the RA bill, and every deduction taken from it (security deposit recovery, income tax TDS, GST TDS, labour cess, royalty, and recoveries). With a calculator that shows your net receipt.8 min read
- 4Extension of time, deviations and liquidated damagesWhy works run late, how liquidated damages are calculated and capped, the hindrance register, applying for extension of time with reasons and evidence, deviations and extra items, and the letters that keep a delay from becoming a deduction.6 min read
- 5Completion, the final bill and the defect liability periodThe completion certificate, final measurement and the final bill, the no-claim certificate and what it waives, the defect liability period and what you owe during it, release of the security deposit, and the work done certificate that makes the next tender easier.5 min read
Put it to work
Every live Karnataka tender, with the history the portal never shows.
Who won the last ones like it, at what discount, and the documents it asks for. Browse without an account; sign up when you want alerts.
Independent site, not a government one. Tender data is published by the Karnataka Public Procurement Portal. Source: kppp.karnataka.gov.in