Security deposit deducted at 5 percent from contractors bill is -
(a) refunded when the contractor has completed the work
(b) refunded even before the completion of the work provided good progress has been established
(c) retained till the expected life of the structure of say 100 years and spent for maintenance
(d) refunded when the defect liability period of six months or one monsoon whichever in later is over.
The correct Answer Is
(d) refunded when the defect liability period of six months or one monsoon whichever in later is over
(a) refunded when the contractor has completed the work
(b) refunded even before the completion of the work provided good progress has been established
(c) retained till the expected life of the structure of say 100 years and spent for maintenance
(d) refunded when the defect liability period of six months or one monsoon whichever in later is over.
The correct Answer Is
(d) refunded when the defect liability period of six months or one monsoon whichever in later is over
