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NMMC STANDING COMMITTEE CANCELS IVRCL CONTRACT TO MAKE NMMC HQ

nmmc-hq-1The NMMC Standing Committee has cancelled the contract of IVRCL for making NMMC HQ as they were demanding an escalation in the approved amount. The NMMC contractor demanded that with inflation and rise in prices, he wanted the contract sum escalated from Rs 39 crore to Rs 89 crore. The Standing Committee members decided that siuch a steep escalation was not feasible and hence they would retender the contract. And so the NMMC HQ jinx continues. Sana Warsia NMTV News.

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