Updated On: 17 November, 2021 08:05 AM IST | Mumbai | A Correspondent
BMC re-issued tenders after contractors bid 30-35 per cent lower than estimated cost to the last ones; sources say civic body might go ahead with the project now as polls are nearing

BMC workers repair a pothole at Juhu last year. File pic/Satej Shinde
Bidders of the BMC’s fresh tenders for repair and reconstruction of roads are once again willing to work with a price lower than the estimated cost. It had scrapped previous tenders and floated new ones. The civic body, which was earlier sceptical of awarding tenders suspecting low quality work, is yet to take a decision on the new bids that remain low.
Last time, the bids were about 30-35 per cent lower than the BMC’s estimated cost, however, the difference has reduced to about 15-20 per cent. The contractors have bid low despite the fact that the BMC has decided to hold 20 per cent of their finalised payment for five to 10 years post the completion of work.