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Payment Procedure

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.



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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.