the fund for rebuilding a structure when its economic life is over raised to meet maintenance costs the total sum to be paid to the municipal authorities by the tenants a part of the money kept in reserve for providing additional structures and structural modifications
Answer Discuss in Comment
refunded when the contractor has completed the work refunded even before the completion of the work provided good progress has been established retained till the expected life of the structure of say 100 years and spent for maintenance refunded when the defect liability period of six months or one monsoon whichever is later is over
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