L&T is lowest bidder for Common Central Secretariat project
The Hindu
Bid of ₹3,141.99 crore is 3.47% less than CPWD estimate
Construction and infrastructure giant Larsen and Toubro Ltd. emerged as the lowest bidder for the contract for construction and of the , according to the financial bids opened on Monday.
L&T’s bid of ₹3,141.99 crore was 3.47% less than the Central Public Works Department’s estimate of ₹3,254 crore. A part of the Central Vista redevelopment, the project is the third of the major segments of the plan, after the new Parliament and Central Vista Avenue.
The other two bidders in the fray, Tata Projects Ltd. and NCC Ltd., quoted 8.96% and 1.94% over the estimate respectively. A CPWD official said the Central Works Board would take a decision based on the lowest offer or what is called L1 and its reasonability. The Board would decide whether to approve or reject the offer, the official said.
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