The Hon’ble Supreme Court of India (“Supreme Court”), on March 8, 2021, in the matter of Gujarat Urja Vikas Nigam Limited Vs. Mr. Amit Gupta & Ors (“GUVNL Case”), stayed termination of a Po...
Published On: 15/11/2020
Practice Area: Energy, Infrastructure & Natural Resources
Authors:
Sabrina Afroze
The Ministry of Road Transport & Highways, through a letter dated 2 November 2020, has introduced changes to eligibility criteria for bidders in relation to road projects undertaken on Engineering, Procurement and Construction method (“EPC Projects”), to ensure larger participation of bidders in road projects. The changes hold significance as there are over 700 (seven hundred) developers for EPC Projects, of which only 21 (twenty-one) are capable of executing projects worth over INR 2,000 crore as per the previous qualification criteria. INDUSLAW’s Sabrina Afroze and Shekhar Yadav discuss the key changes in the bidder qualification criteria.
