Rates of Payment. The rates given in the BOQ tendered by the agency and as accepted by NABARD will form the basis of payment for such items under this contract. ii. No price variation or escalation on any account whatsoever & the compensation for force majeure etc. shall be payable under the contract. iii. Should there arise any items which may be necessary for the smooth completion of work but which does not appear in the Schedule of items, rates and Quantities attached with the Tender, items rate will be fixed by analysis of actual inputs of all types including labour and material. iv. Payment for the work done will be made to the agency only when the formal agreement has been executed between the parties, and as per the Payment Schedule. v. Payment Schedule: Full payment shall be made on monthly basis at the end of each month on satisfactory completion of work. Please note that no advance payment will be made on any account. 7.
