Elevator Modernization Quotation

This document provides a comprehensive quotation for the modernization of your existing
elevator system. It outlines the necessary upgrades, project timeline, associated costs, and terms
and conditions. Our aim is to enhance the safety, efficiency, and aesthetic appeal of your elevator,
ensuring it meets current standards and provides a reliable and comfortable experience for its
users. This quotation addresses key aspects of the modernization process, from initial assessment
to final commissioning, offering a transparent and detailed overview of the project.
Understanding Your Elevator Needs
Before detailing the specifics of our modernization quotation, it’s crucial to understand the unique
requirements of your elevator system. This involves a thorough assessment of its current
condition, performance, and compliance with safety regulations. Factors such as the elevator's age,
usage frequency, load capacity, and any existing issues will influence the scope and nature of the
modernization project. We conducted a comprehensive site survey to gather this information,
ensuring that our proposed solutions are tailored to your specific needs.

Our team of experienced elevator engineers and technicians have evaluated the mechanical,
electrical, and control systems of your elevator, identifying areas where upgrades or replacements
are necessary. We also take into account your building's specific requirements and any feedback
from building management regarding elevator performance. This collaborative approach ensures
that the modernization process addresses not only technical deficiencies but also user experience
and aesthetic considerations.

Furthermore, we consider the long-term implications of the modernization project, including

potential energy savings, reduced maintenance costs, and improved safety. By understanding your
elevator needs holistically, we can develop a modernization plan that provides the best possible
value and return on investment.
Scope of Work: Modernization Details
The elevator modernization project encompasses a range of activities designed to bring your
elevator system up to current standards and improve its overall performance. This includes the
replacement or upgrade of key components; such as the controller; drive system; door operators;
and safety devices. The specific scope of work will be determined based on the initial assessment of
your elevator system; as outlined in the previous section.

The modernization process typically involves the following steps:

1. Detailed site survey and assessment of existing elevator system MconductedN.

2. Development of a customized modernization plan.

3. Removal of old components and installation of new equipment.

4. Testing and commissioning of the modernized elevator system.

Component Upgrades: A Detailed
Breakdown
The component upgrades included in this modernization quotation are essential for improving the
safety; reliability; and energy efficiency of your elevator system. Here is a detailed breakdown of
the key components that will be upgraded or replaced:

1. CONTROLLER: The existing controller will be replaced with a modern microprocessorQbased

controller that offers advanced features such as dispatching algorithms; energyQsaving modes; and
remote monitoring capabilities. This new controller will improve the elevatorEs response time;
reduce waiting times; and optimize energy consumption.

2ADrive System: The old motor generator MMGN set or outdated drive will be replaced with a modern
variable frequency MVFN drive system. VF drives offer smoother acceleration and deceleration;
reduced noise levels; and significant energy savings. They also provide better speed control and
improved leveling accuracy.

3ADoor Operators: The existing door operators will be replaced with new; highQspeed door operators
that comply with current safety standards. These new operators will improve door opening and
closing speeds; reduce the risk of entrapment; and enhance the overall safety of the elevator
system.

4A Safety Devices: The elevatorEs safety devices; such as the governor; safety brake; and door
detectors; will be inspected and upgraded as necessary to ensure compliance with current safety
codes. These upgrades may include the replacement of worn or outdated components with new;
certified safety devices.

5A Cables and Wiring: All worn or damaged cables and wiring will be replaced with new; highQquality
cables that meet or exceed industry standards. This will improve the reliability of the elevator
system and reduce the risk of electrical failures.
Project Timeline and Milestones
The elevator modernization project will be completed in a timely and efficient manner; with
minimal disruption to building occupants. The project timeline will vary depending on the scope of
work; but a typical modernization project can be completed in approximately 4 to 6 weeks. We will
provide you with a detailed project schedule that outlines the key milestones and completion dates.

The following is a sample project timeline:

Phase Duration Description

Phase 1: Site Survey and 1 week Detailed assessment of

Planning existing elevator system
and development of
modernization plan.

Phase 2: 2 weeks Ordering and delivery of new

Component elevator components.
Procurement

Phase 3: Installation and 2Q3 weeks Removal of old

Testing components; installation of
new equipment; and testing
of the modernized elevator
system.

Phase 4: Commissioning and 1 week Final inspection;

Training commissioning of the
elevator system; and
training of building
personnel.

We will work closely with you to coordinate the project schedule and minimize any inconvenience
to building occupants. We will also provide regular updates on the projectEs progress and address
any concerns or questions you may have.
Cost Summary: Comprehensive Pricing
This section provides a comprehensive cost summary for the elevator modernization project. The
total cost will depend on the scope of work and the specific components that are upgraded or
replaced. Our quotation includes all labor; materials; and equipment necessary to complete the
project.

Here is a breakdown of the estimated costs:

Item Estimated Cost in INR

Controller Upgrade

Drive System Upgrade

Door Operator Replacement 12;95;000

Safety Device Upgrades

Cabin Interior Refurbishment

Labor and Installation

Total Estimated Cost

The quotation will be valid for 30 days from the date of issuance.
Terms and Conditions: Ensuring a
Smooth Process
To ensure a smooth and successful elevator modernization project; it is important to understand
the terms and conditions that govern the agreement between our company and your organization.
These terms and conditions cover various aspects of the project; including payment schedule;
warranty; insurance; and dispute resolution.

Key terms and conditions:

Payment Schedule: A deposit of 30% of the total project cost is required upon signing
the agreement. The remaining balance will be paid in installments; as outlined in the
payment schedule. We typically require payments at various milestones of the project.

Warranty: All new components and equipment are covered by a manufacturerEs warranty. Our
company also provides a warranty on the workmanship for a period of one year from the date
of completion. This warranty covers any defects in materials or workmanship.

Insurance: Our company maintains comprehensive liability insurance to protect against any
damages or injuries that may occur during the modernization project.

Dispute Resolution: Any disputes that may arise during the project will be resolved through
mediation or arbitration; as agreed upon by both parties.

A detailed copy of our standard terms and conditions is attached to this quotation for your review.
We encourage you to read these terms carefully and contact us if you have any questions or
concerns.
Conclusion: Investing in the Future of
Your Elevator
Investing in elevator modernization is a strategic decision that can significantly enhance the value;
safety; and efficiency of your building. By upgrading your elevator system; you can improve the
user experience; reduce energy consumption; and ensure compliance with current safety
regulations. The benefits of modernization extend beyond immediate improvements; offering
longQterm cost savings and increased tenant satisfaction.

This quotation provides a detailed overview of the elevator modernization project; outlining the
scope of work; component upgrades; project timeline; associated costs; and terms and
conditions. We are confident that our expertise and experience in elevator modernization will
ensure a successful and costQeffective project.

We encourage you to review this quotation carefully and contact us to discuss your specific
needs and requirements. Our team is available to answer any questions you may have and provide
further clarification on any aspect of the modernization process. We look forward to the
opportunity to partner with you and help you invest in the future of your elevator system.