BMC approves ₹1,666 cr Malad bridge contract amid tender concerns
market hours1 source ↓written by the desknot a recommendation
- contract
- ₹1,666 crore
- compared
- 1.8% higher bid
- BMC's estimate
- ₹2,250 crore
The BMC's standing committee has approved a ₹1,666 crore contract for a bridge and elevated road in Malad West. The joint venture of J Kumar-RPS won the tender despite concerns over the tender process and the 1.8% higher bid compared to the BMC's estimate of ₹2,250 crore. Questions were raised regarding the right of first refusal clause and its implications for cost escalation.
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