Wednesday, May 17, 2023

BMC denies Rs 600 crore advance to concreting contractors

The BMC has withheld the Rs 600-crore mobilization advance intended to be given to the contractors who won its Rs 6,080-crore cement concrete (CC) road contracts, as they failed to commence work on time. Three of the companies have been fined Rs 16 crore for the delays. According to the tender conditions, the companies were to receive a 10% mobilization advance after being issued work orders.

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from Mumbai News: Latest Mumbai News Headlines, Coronavirus News, BMC Elections 2022 Updates from Mumbai - Times of India https://ift.tt/1...