In an attempt to bring transparency and to improve pace of implementation of road projects, Modi government has come up with a new plan! From now, road contractors who fail to complete any work costing more than Rs 300 crore even three months after the set deadline, will be barred by the government from bidding for new highway projects either as a sole contractor or as a partner of any joint venture, according to a TOI report.
Moreover, road contractors would allowed to bid only after completing the outstanding work. This is applicable only for fully government-funded highway works, which are known as EPC contracts.
In a bid to differentiate between good and bad road contractors, Nitin Gadkari led-Road Transport and Highways Ministry has changed the norms based on their pace of execution of works. Read More
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