Tata Grabbed New Parliament Project With The Lowest Bid ₹861 Crore

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Tata Grabbed New Parliament Project With The Lowest Bid ₹861 Crore

Tata Projects Limited grabbed the construction and five-year maintenance contract of a new parliament building. As opened by the CPWD on Wednesday, Tata Projects Limited’s financial bid was the lowest. It amounted to ₹861.90 crores, as per bids documents.

An official spokesperson of Tata Projects Limited confirmed that the company was the lowest bidder and said it was likely to win the contract.

Total seven companies applied for the bid and after seeking pre-qualification bids by the CPWD, In June, there were only three potential bidders after narrowing it down. They were given the time till 3 p.m. on Wednesday to submit their bids.

While the Tata’s bid was 8.4% less than the CPWD’s estimated cost of ₹940 crore, Larsen and Toubro Limited submitted a bid of ₹865 crore, which was 8.07% less than the estimated cost. The third bidder, Shapoorji Pallonji and Co. Ltd., did not submit its bid by the deadline, an official of the Housing and Urban Affairs (HUA) Ministry said.

Before inviting financial and technical bids the CPWD had opted for pre-qualification of potential bidders due to security concerns and nature of the project.

HUA Ministry’s larger Central Vista redevelopment plan consists of this project as well. The plan was announced last year and it is ex[pected to get completed in 21 months from the start of its constructions, as per CPWD’s invitation for bids.

This new building will be constructed adjacent to the existing Parliament building with a shape of a triangle. The existing building was constructed in the 1920s.

Last year, the CPWD selected Ahmedabad-based HCP Design, Planning and Management Pvt. Ltd. as its consultant for the Central Vista revamp. Apart from construction of a new Parliament, the project includes a new common central secretariat along the Rajpath after demolishing many of the existing government office buildings and redeveloping the Central Vista Avenue.

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