(1) When the local body settles the contract for the internal revenue collection, the determination of the amount of installments to be collected shall be in accordance with the collection schedule and other conditions mentioned in the contract notification and tender. However, when making the work schedule in this way, the probable time of raising revenue and the time of payment installments should match and the time gap between the installments should not exceed four months.
(2) If the contractor pays the entire amount of the contract in one lump sum at the time of the contract, a discount of up to ten percent can be given considering the justification. But the percentage of such discount should be mentioned in the tender or promotion notice.