![]() Financial Daily from THE HINDU group of publications Saturday, Jun 15, 2002 |
|
|
|
|
|
Industry & Economy
-
Real Estate & Construction BAI reservations on tender reforms Our Bureau
HYDERABAD, June 14 THE Andhra Pradesh Chapter of the Builders' Association of India (BAI) has expressed its reservations against certain provisions of the tender reforms proposed to be ushered in by the State Government. BAI has opposed the proposal for reducing the tender excess from 15 per cent to 10 per cent. It wants the excess percentage to be increased to 20 per cent as the "department is not preparing realistic estimates''. According to the BAI State Chairman, Capt. K. Kishan, the Government's proposal to fix the responsibility of land acquisition on contractors would also cause enormous hardship to the latter. Hence, he wants the Government to work out detailed modalities and come out with a proper legislation before any such responsibility is entrusted to the contractor. Addressing a press conference here on Friday, Mr Kishan also took exception to the proposal to entrust the contractor with the task of maintenance of the work executed for a period of 10 years.
Send this article to Friends by E-Mail
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |
Copyright © 2002, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|