Indian Railway main logo Welcome to Indian Railways
View Content in Hindi
National Emblem of India

About ICF

Department

Award of Contracts

Supplier Information

Tender Information

Cental Appln. Portal

Contact Us



Bookmark Mail this page Print this page
QUICK LINKS

1.0 The normal mode of payment i.e. 100% payment against receipt and acceptance at ICF is prescribed in most of the contracts placed by ICF.

1.1 In case of well established and proven suppliers who are in the approved list of suppliers of ICF, advance payment upto 98% is granted as a special case subject to production of Bank Guarantee or Security Deposit.

1.2 Firms should produce current ITCC while claiming payment.

2.0 Items covered under Rate and Running Contracts of DGS&D:

98% Advance Payment against proof of despatch and inspection certificate.
Balance 2% payment against receipt and final acceptance at ICF.

3.0 Steel Items (Sheets and Plates):
98% Advance Payment against proof of despatch and inspection certificate.
Balance 2% payment against receipt and final acceptance at ICF.



Source : Integral Coach Factory CMS Team Last Reviewed on: 03-02-2011  

  Site Map | Contact Us | RTI | Disclaimer | Terms & Conditions | Privacy Policy Valid CSS! Valid XHTML 1.0 Strict

© 2016  All Rights Reserved.

This is the Portal of Indian Railways, developed with an objective to enable a single window access to information and services being provided by the various Indian Railways entities. The content in this Portal is the result of a collaborative effort of various Indian Railways Entities and Departments Maintained by CRIS, Ministry of Railways, Government of India.