Andhra Pradesh Government is mulling to cancel the Tenders of Polavaram Main Contractor, Transstroy. Subsequently, that will cancel all the tenders of the sub-contracts as well which means the entire Project Tendering will happen from scratch. Transstroy bagged Polavaram Project works in 2013 by quoting 14% less.
Within no time, it was revealed that the company is not efficient to handle the project of such scale. But due to the complexities involved in canceling the Tenders and the legal implications, the previous Government brought in effective sub-contractors like L&T, Baver, Triveni, Keller, and others to finish the project on time.
Transstroy already defaulted on the Bank Payments and has become Bankrupt. The entire re-tendering process can be tricky if the Main Contractor goes to court and obtains a stay on the Re-Tendering Process urging the court to defy the process until his issue is legally settled.
Also, there are some advance amounts of the State Government to various contractors and recovering that will also become difficult. As a result of all this, the Project which is considered as the lifeline of Andhra Pradesh will be delayed. So, the Government should carefully tread from here on.Don't MissNani’s Gang Leader Is A DisasterIt is the ninth day since its release. And we are now in the second...Don't MissNow, A Believable Update about Sye Raa Satellite RightsThis morning we have reported that the news about Zee Network bagging the Satellite Rights...Don't MissTDP Loses Another Senior Leader, Former MP No MoreTelugu Desam Party lost another Veteran Leader just in the span of one week. After...Don't MissGaddalakonda Ganesh Sets Record For Varun Tej By Big MarginDefying the pre-release expectations, Gaddalakonda Ganesh has set new opening day record for Varun Tej....Don't MissCRDA Warns Demolishing Chandrababu's House in A WeekCRDA Officials have pasted another notice on Former Chief Minister Chandrababu Naidu's rented house in...