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Government to bar contractors from highway projects for delays

In an attempt to, Road Transport and Highways Ministry has devised a new plan to bring transparency and improve pace of implementation of road projects.  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 be 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. At present, road contractors take up additional projects despite lagging behind to execute existing projects order which consequently pushes up the cost and causes public inconvenience.

Read More at The Financial Express News date : 28 Nov 2018, Wednesday

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