Tata Group wins new Parliament building construction contract with lowest bid of Rs 861.90 crore

Tata Group wins new Parliament building construction contract with lowest bid of Rs 861.90 crore

Tata Projects has won the contract for construction of the new Parliament building with the lowest bid of Rs 861.90 crore, officials said. On September 16, the Central Public Works Department (CPWD) opened financial bids for the new Parliament building construction, which is a part of the Central Vista redevelopment project. The lowest bid was submitted by Tata Projects. Larsen and Toubro's bid was at Rs 865 crore. "The Tata Projects Limited has won the contract to build a new Parliament building," an official said. In August, three construction firms had qualified for submission of financial bid for the contract to build a new Parliament building. These included L&T Ltd, Tata Project Ltd and Shapoorji Pallonji and Co Pvt Ltd. A total of seven firms had submitted pre-qualification bids for the construction of the new building, which is part of Prime Minister Narendra Modi-led government's ambitious Central Vista Redevelopment Project. The Central Vista redevelopment project envisages construction of the new Parliament building, close to the existing one. The work is expected to be completed in 21 months at an estimated cost of Rs 889 crore. "The total plinth area of the proposed building is approximately 65,000 sqm, including the basement area of approximately 16,921 sqm. The building will be ground plus two storeyed with one basement," the CPWD notice inviting pre-qualification bids had said. The CPWD had invited pre-qualification bids in a two-bid system to construct the triangular shaped building on a built-up area of around 60,000 square ...
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