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India Procurement News Notice - 26373


Procurement News Notice

PNN 26373
Work Detail The Brihanmumbai Municipal Corporation (BMC) has approved 15 proposals of various roads repair works worth Rs 370 crore. The proposals mainly included works of converting roads in cement concrete and construction of side strips in western suburbs from Dahisar to Andheri. There were also three proposals for Bhandup, Kurla and Ghatkopar. The cost escalated due to the condition of holding 40 percent of the contractors amount by releasing it phase-wise till completion of the defect liability period (DLP), which is 10 years for cement roads. BMC had published a tender of road works worth Rs 600 crore for cement roads and Rs 233 crore for asphalt roads. But after the cost escalation, the civic body had to scrap more than 50 percent of the works. Now BMC has re-tendered them with a new formula of 80:20 in which 20 percent of the amount will be given in phases till completion of DLP.
Country India , Southern Asia
Industry Construction
Entry Date 17 Jan 2020
Source https://www.projectstoday.com/News/BMC-okays-15-road-repair-proposals-worth-Rs-370-cr

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