STable of Milestone(s) S.No. Financial Progress Time Allowed Amount to be withheld in case (From Date of of non achievement of Start) Milestone 1. 1/8th (of the work) 1/4th (of the In the event of not achieving work) the necessary progress as assessed from the running 2. 3/8th (of the whole work) 1/2 (of the payment, 1% of the Tendered whole work) Value of work will be withheld 3. 3/4th (of the whole work) 3/4th (of the for failure of each Milestone. work) 4. Full Full Requirement of Technical staff for work in compliance of Clause 36 (i) Sl. Cost of Requirement of Technical Staff Designation No. work (Rs. in lacs) Qualification Number 1 More Project manager 1 10 Principal Technical than with degree Representative 1000 ii. Graduate Engineer 1 5 Technical Representative iii. Graduate Engineer 2 Nil Technical or Representative Diploma Engineer 2 5 2 500 Graduate Engineer 1 5 Principal Technical to Representative 1000 Graduate Engineer 2 Nil Technical or Representative Diploma Engineer 2 5 3 200 Graduate Engineer 1 5 Principal Technical to Representative 500 Graduate Engineer 1 Nil Technical or Representative Diploma Engineer 1 5 4 50 Graduate Engineer 1 5 Principal Technical to Representative 200 5 10 Graduate Engineer 1 Nil Principal Technical to or Representative 50 Diploma Engineer 1 5
STable of Milestone(s) S.No. Financial Progress Time Allowed (From Date of Start) Amount to be withheld in case of non achievement of Milestone 1. 1/8th (of the work) 1/4th (of the work) In the event of not achieving the necessary progress as assessed from the running payment, 1% of the Tendered Value of work will be withheld for failure of each Milestone. 2. 3/8th (of the whole work) 1/2 (of the whole work) 3. 3/4th (of the whole work) 3/4th (of the work) 4. Full Full Requirement of Technical staff for work in compliance of Clause 36 (i) Sl. No. Cost of work (Rs. in lacs) Requirement of Technical Staff Designation Qualification Number 1 More than 1000 Project manager with degree 1 10 Principal Technical Representative ii. Graduate Engineer 1 5 Technical Representative iii. Graduate Engineer or Diploma Engineer 2 2 Nil 5 Technical Representative 2 500 to 1000 Graduate Engineer 1 5 Principal Technical Representative Graduate Engineer or Diploma Engineer 2 2 Nil 5 Technical Representative 3 200 to 500 Graduate Engineer 1 5 Principal Technical Representative Graduate Engineer or Diploma Engineer 1 1 Nil 5 Technical Representative 4 50 to 200 Graduate Engineer 1 5 Principal Technical Representative 5 10 to 50 Graduate Engineer or Diploma Engineer 1 1 Nil 5 Principal Technical Representative