Indian Railways tightens contractor assessment for projects
after close1 source ↓written by the desknot a recommendation
- will undergo
- ₹10 crore
Indian Railways is reforming its contract execution framework to enhance construction quality. Contractors bidding for projects above ₹10 crore will undergo a capacity assessment. This move aims to prevent delays caused by contractors lacking manpower. Additionally, new rules for refund norms and sub-contracting limits are being introduced to streamline operations.
Not investment advice. For informational purposes only.