L&T emerges as lowest bidder for construction of three buildings under Central Vista project
Infrastructure firm Larsen & Toubro (L&T) Ltd on Monday emerged as the lowest bidder for the construction and maintenance of the first three buildings of Common Central Secretariat under the Central Vista redevelopment project.
According to the bid documents of the Central Public Works Department (CPWD), L&T Ltd placed a bid of around Rs 3,141 crore, which is 3.47 per cent lower than the estimated cost. The firm submitted a total bid amount of Rs 31,41,99,87,657.
NCC Ltd cited the second lowest bid amount for the project at around Rs 3,318 crore, which was 1.94 per cent higher than the estimated cost.
Bidding documents show that Tata Projects Ltd bid for around Rs 3,546 crore, which is 8.96 per cent higher than the estimated cost.
These new buildings will be built on the plot where the Indira Gandhi National Center for the Arts is located.
The board of the Central Public Works Department (CPWD), which is implementing the Modi government’s ambitious Central Vista redevelopment project, will decide on the tender work award in the next few days, an official said.
The contract is usually awarded to the lowest bidder (L-1), the official said.
Four infrastructure firms, Tata Projects, Uttar Pradesh Rajkiya Nirman Nigam Limited, Larsen & Toubro Limited and NCC Limited, had submitted technical bids for the construction of three buildings of the Common Central Secretariat.
Last month, the CPWD revised the estimated cost of construction and maintenance of three buildings of the common Central Secretariat.
The estimated cost of construction and maintenance of these three buildings has been increased from Rs 3,408 crore to about Rs 3,254 crore.
Tata Projects Limited is constructing a new Parliament House, while Shapoorji Pallonji & Company Limited is carrying out the redevelopment work of Central Vista Avenue stretching from Rashtrapati Bhavan to India Gate.
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