Bill & recover

Running account bills

Seven bills, ₹5.2 Cr claimed, and a certification cycle that has gone from 41 days to 14. Bills built from certified measurements do not come back with queries.

draft RA-08 →

RA bill register

Bill	Period	Gross	Certified	Net paid	Days	Status
	Feb–Mar 2025 Certified with 5.6% deduction for unmeasured excavation.	₹42,18,400	₹39,84,100	₹33,86,485	41	Paid
	Apr–May 2025 Foundation and raft complete.	₹61,92,300	₹58,11,000	₹49,39,350	36	Paid
	Jun–Jul 2025 ₹7.42 L held pending cube test certificates for L02–L04.	₹78,44,900	₹71,02,200	₹60,36,870	33	Paid
	Aug–Oct 2025 First bill drafted by the RA agent from certified MB entries.	₹94,10,600	₹91,88,000	₹78,09,800	26	Paid
	Nov 2025–Jan 2026 Escalation under Clause 10CA applied for steel — ₹3.11 L.	₹1,12,66,000	₹1,10,04,400	₹93,53,740	19	Paid
	Feb–May 2026 Certified in 14 days. Payment due under the 45-day MSME clock.	₹1,28,40,200	₹1,25,92,600	₹1,07,03,710	14	Certified
	Jun–Aug 2026 Drafted by the RA agent. Awaiting PMC certification.	₹9,76,654	—	₹6,79,969	—	Draft
Total claimed / certified		₹5.27 Cr	₹4.97 Cr

Days from measurement to certification

First three bills averaged 37 days. The last three averaged 20. On a ₹68 Cr contract at 14%, that difference is roughly ₹9.6 L of financing the contractor no longer carries.

RA-01 to RA-06 · submission to certification dates

Bank guarantees, EMD and retention — cash nobody watches

Performance BG

BG-2211

Canara Bank, Whitefield

₹3.40 Cr

101 days to expiry

5% of contract value. Valid.

Mobilisation advance BG

BG-2244

HDFC Bank, Marathahalli

₹7.48 Cr

24 days to expiry

Bond is 110% of the ₹6.80 Cr advance. Expires in 24 days with ₹1.92 Cr still unrecovered — extend or recover.

EMD

EMD-0912

Canara Bank

₹12 L

12 days to expiry

Bid concluded 14 months ago. EMD not released — ₹12 L of dead capital.

Retention

RET-SNH

Meridian Estates (withheld)

₹2.47 Cr

DLP + 12 months

5% withheld across RA-01 to RA-06. No release schedule agreed in writing.