STOCK MARKET BSE NSE

MAUD orders tender premium rise to 10 percent

Published: 25th May 2013 01:14 PM  |   Last Updated: 25th May 2013 01:14 PM   |  A+A-

The Municipal Administration and Urban Development Department (MAUD) has issued orders enhancing the tender premium from 5 percent to 10 percent for the project works of Storm Water Drains sanctioned under the JNNURM in respect of the Greater Hyderabad Municipal Corporation (GHMC).

The decision to enhance the tender premium was made as the GHMC commissioner informed the state government that the GHMC has taken up improvement of Storm Water Drains costing `142.37 crore for four major nalas sanctioned under the JNNURM, and further stated that the execution of SW drains in the urban area is critical in nature and may not work out for the bidders with excess tender premium up to 5 percent due to variation in SSR and market rates, inaccessibility, and unhygienic conditions to work in sullage water in nalas.

Further, execution of work is possible only in small reaches due to protest by the general public, and also because diversion of existing nalas on urban roads is also a tough task during execution.

Previously, orders were issued enhancing the tender premium up to 10 percent in respect of SW Drainage works of Vijayawada Municipal Corporation (VMC) and Greater Visakhapatnam Municipal Corporation (GVMC) and requests were made to enhance the tender premium from 5 percent to 10 percent for the project works of SW Drains sanctioned under the JNNURM at par with VMC and GVMC with respect to the GHMC.

The state government after a consultation with APUFIDC issued orders on enhancing the tender premium from 5 percent to 10 percent for the project works of SW drains, under the JNNURM.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp