Government of Orissa

Off ice of the Chief Engineer -*'*;,-/1,,' t -z /'_r-'i /

Rural Works,.Btubaneswar t

No Lo3 66 t Date 03,12'24lOt

ADB-Clalm-ll€7/08
To

The Executive Engineer

R.W. Division, Kora put.

Sub:- Release of Security DeposiUConversion of Security Deposit- Clarification thse to

Ref:- Your Memo No.6398 dld.24.11.10.

Sir,
It appears from ycur above conespondence that you are confused regading
conversion of security deposit. Please take a note that release or conversion oi sra:rity
deposit into any_interest bearing security of scheduleci commercial bank or Ndonai
Savings Cerlificates is possible only after completion of the package a1d payneni of

The performance security of 2.5% deducted from each running bill as p+r ',Iause
46.1 cannot be released or substituted unless the period of five vears fixed fo'r:utine
-
maintenance is over and the Engineer has certilied that the contractor has satisfaciorily
:
canied out the routine maintenance cf the works.

You are therefore requestec to take action accordingly.

Youfs faithfully,

lt
rda
rt r"
C$- - Chief Engiker, Rural works-ll
-t
V'nU/,+* Memo No 2oi 6q / DaP 03'lz'2'il1
Copy forwarded to AII the Executive Engineers undel R.W. Organisarbr, fcr
information and necessary action,
lt^
L
Chief Engineer, Rural works-l'
Memo No 203V{ Dale 03'12 ' )alo I
Copy forwarded 'to All the Superintending engineersl;Gr R.W Crrie tc,r
information and necessary action. a
t
Chief Engineer, Rural works-lrt
1/emo No ) 02'-4 ) I Date 02.l2.Jatct