Section

Road to Quality: Bank guarantees may be cut, consultants screened

By Economic Times - 10 months ago
The government is planning to reduce bank guarantee and introduce new eligibility criterion for the selection of consultants for road projects. Contracts will be awarded at market-determined prices to ensure quality construction. The proposed changes aim to prevent contractors from quoting the lowest price, which compromises construction quality.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.