Tata Projects Limited emerged as the lower of the two bidders for the tender to construct the new Parliament complex by quoting a bid of ₹861.90 crore when the financial bids for the project opened on Wednesday.
The construction of new Parliament House building is likely to be complete in one year. The Tatas won the bid quoting Rs 861.2 crore as the project cost. The government is likely to award the contract to Tata Projects soon and is keen that construction starts after the monsoon session of Parliament, which ends on October 1.
Seven companies had placed technical bids for the project. The bids were opened in August and Tata Projects, L&T and Shapoorji Pallonji were shortlisted. While Tata Projects and L&T participated in the financial bid process, Shapoorji Pallonji did not.
This comes after the Central Public Works Department (CPWD) opened the financial bids for the project to construct and maintain the new Parliament House building for five years. The Tatas emerged as the lowest bidder.
The contract for the new Parliament building was to have been awarded in March but was delayed by the Covid-19 and lockdown.
“We used the lockdown period to get the necessary approvals from civic bodies. But the project deadlines have been shifted,” a senior CPWD official told ET.
While Tata’s bid is lowest and the company confirmed the same in its statement, the final bid winner will decided on the basis of financial and technical aspects. The Tata Group, in its statement, said it is “delighted to share TPL is L1 for New Parliament House project” but “not the final bid”.
The next lowest bidder was the Larsen and Toubro Ltd, which submitted a bid of Rs 865 crore. Some reports suggested that the original estimate of the CPWD was that the construction of the Parliament House building may cost around Rs 940 crore.
The Central Vista Redevelopment initiative includes construction of a Central Secretariat and redevelopment of the Central Vista, which is the hub of some of the most recognisable government buildings, including Rashtrapati Bhavan. The Rs 20,000 crore redevelopment plan has been criticised by the opposition parties and challenged in the Supreme Court.
An official spokesperson for Tata Projects confirmed the news. “We are delighted to contribute to accelerating India’s progress,” the spokesperson said.
With the bidding process over, the project has moved closer to getting off the drawing board. Bimal Patel, the Gujarat-based architect whose firm HCP Designs had won the bid last October to design the project, told ThePrint: “We are looking forward to the construction commencing sometime in December.”
The government has set a 2022 deadline to complete the new Parliament building, which will be triangular in shape.
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