New Delhi, Dec 16 Small and mid-sized road construction companies could face challenges in securing new contracts in the medium term, given the reduced flow of engineering, procurement and construction orders from NHAI, India Ratings and Research said on Monday. Furthermore, Ind-Ra said the ability of small and mid-sized players to bid for HAM and BOT project would entail significant …
The Centre’s recent reforms to increase participation of mid-sized engineering, procurement and construction players in the tendering process are likely to intensify competition in roads, bridges, highways and tunnelling projects, ratings agency India Ratings and Research said. “These relaxations however will also provide the much-needed relief to those construction contractors whose eligibility to bid for new projects has been hampered …
)