Abstract
Indian construction especially public sector organisations and government department mostly depends on lowest financial bidder for award of contracts. At some point time of these projects, it has become a common scenario that there is a schedule delay resulting in extension of time. So it can be mentioned that modern contract handling procedures require an overhauling. The study presents a case-based approach, in which authors have studied different projects that have been awarded on basis of financial criterion. Ultimately conclusions have been drawn by comparing efficiency of contractor with progress, ratio of bid and project cost and other factors.
Highlights
Indian construction industry has played a vital role in growth for the Indian economy for over five decades and is the primary input for the socio-economic development of the country [1]
Indian construction especially public sector organisations and government department mostly depends on lowest financial bidder for award of contracts
Increasing complexity in design and the involvement of numerous stakeholders in modern construction projects are a huge challenge for both clients and contractors to meet criterion of skills and capabilities required to successfully deliver a project at the bidding stage
Summary
Indian construction industry has played a vital role in growth for the Indian economy for over five decades and is the primary input for the socio-economic development of the country [1]. Increasing complexity in design and the involvement of numerous stakeholders in modern construction projects are a huge challenge for both clients and contractors to meet criterion of skills and capabilities required to successfully deliver a project at the bidding stage. The criteria for prequalification in relation to the contractor’s ability to meet the client’s requirements and achieve success in projects are still a topic for investigation [9] [10]. The increasing focus on the success dynamics (such as the value for money) of PPP projects requires a competitive price and the unique contractor’s capability in delivering state-of-the-art facilities and optimal operational performance over the project life cycle [14] [15] [16]
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