1 Answers
Option 4 : Running account bill ‘C’ [DFR(PW)25]
Explanation:
Running Account Bill – Form A: It is a type of form which is used for advance payment without any measurement. It may be used for advance running bill payment for unmeasured work only. It may also be used for a combination of unmeasured work and measured work or if ‘on account’ payment is to be made but an advance payment already made for the same work is outstanding.
Running Account Bill – Form C: It is a type of form which is used for contracts both for works executed on piece work system. This form is widely used especially for medium-sized works executed through K2 contracts or split up works or projects entrusted on the nomination to a number of contractors.
First and Final Bill: When a single payment is to be made on the completion of the whole work or supply as final payment, this type of form is used. It is used for making payments to the contractor both for works and suppliers. This type of bill is generally adopted for petty works or split-up works in projects.
Hand Receipt: A hand receipt is a simple form of voucher intended to be used for small miscellaneous payments and advances for which none of the above forms is suitable. The purpose of payment and the designation of the officer making payment duly supported by measurement book entry should be furnished on the hand receipt.
Contract:
- An agreement that is enforceable by law is a contract.
Tender:
- A Tenders is called upon for executing certain specified work, or supplying specified materials; subjected to certain terms and conditions like rates, time limit, etc.
- It is an offer in written form: Legally speaking, it is an offer to receive an offer for the work, within the specified financial limits.