Tata Projects Limited emerged as the lower of the two bidders for the tender to build the new Parliament complex by listing a bid of ₹ 861.90 crore when financial bids for the project opened on Wednesday.
Larsen & Toubro (L&T) Limited, which was the other bidder, listed ₹ 865 crore for the project, according to the bidding documents. According to the Central Department of Public Works (CPWD) tender, the estimated cost of construction of the new building is ₹ 889 crore.
The two Mumbai-based construction companies submitted their financial offers after qualifying in the technical round for the tender.
Tata Projects has become the lowest bidder and is likely to win the contract, a Tata Projects spokesperson said.
A spokesman for L&T declined to comment.
Three bidders qualified in the technical round, but only two firms ended up submitting their financial offers.
“Only three matches technically pre-qualified in the first round and only two have quoted their offers today. The company that wins the contract will receive an award letter within a few days, “said a senior government official requesting anonymity.
“We have to go through due process of in-depth bid evaluation and award a contract letter only after that,” the second official said.
The contract is likely to be awarded to the lowest bidder, added the first official.
To be clear, in infrastructure projects, the company is finalized only after receiving an award letter, which is a written confirmation that a bidder has been successful and will be awarded a contract. It contains details of the award amount, the award date, and when the contract will be signed.
The government had narrowed the list of options to build a new Parliament complex to three Mumbai-based construction companies: Larsen & Toubro Limited, Tata Projects Limited and Shapoorji Pallonji & Company Private Limited, after disqualifying four other entities, it reported. Hindustan Times for the first time. August 12th.
“The third company, Shapoorji Pallonji & Company had submitted its Security Deposit (EMD) but did not submit a financial offer today,” said the second official quoted above.
HT reached out to Shapoorji Pallonji’s group for comment, but was unable to get a response.
In the technical round, Hyderabad-based civil engineering and construction company ITD Cementation India Limited, NCC Limited, Ahmedabad PSP Projects Limited and UP Rajkiya Nirman Nigam Limited of the Uttar Pradesh state government were disqualified by the Central Department of Public Works (CPWD). .
Based on an evaluation, CPWD disqualified the four companies for reasons including failure to meet the criteria mentioned in the bidding document.
The tender established strict eligibility criteria based on a company’s previous work, such as having built an assembly hall with a minimum capacity of 1,000 people and a building with a basement, as well as ongoing projects, average monthly billing and net worth. .
The proposed work is of a highly prestigious nature and is required to be completed strictly within the established 21-month timeframe with the highest standards of quality and workmanship, per the bidding document. The bidding document also specified that 50% of the workers will need to be stone masonry, carving and fresco experts, and appropriate health and safety measures will need to be taken in light of the prevailing Covid-19 pandemic.
Work on the new Parliament, a triangular-plan building over two stories high, is expected to begin after the ongoing monsoon session, HT reported Sept. 15.
India’s national emblem is likely to sit atop the new Parliament building, according to the latest design iteration prepared for the bidding process, replacing a spire that was there in an earlier version.
The new Parliament Building, with a floor area of approximately 60,000 square meters, will be built on parcel number 118 of the Parliament House Estate, which currently houses a reception, boundary walls and other temporary structures.
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