RITES Declared Lowest Bidder for UP State Bridge Corporation's ₹60.03 Crore Tender

Services

FNO Stocks with CA Abhay

Equity Trading with CA Abhay

Option Trading with CA Abhay

Equity Investment with CA Abhay

Stock Market Masterclass

RITES Declared Lowest Bidder for UP State Bridge Corporation's ₹60.03 Crore Tender

Finance Saathi

06/Sep/2024

What's covered under the Article:

RITES has emerged as the lowest bidder for a ₹60.03 Crore consultancy tender from UP State Bridge Corporation Limited.

The tender involves consultancy for civil works, including supervision and quality control of various infrastructure projects in Uttar Pradesh.

The contract is expected to be awarded following due evaluation and scrutiny, with execution slated for 36 months.

RITES Limited has recently made headlines by being declared the lowest bidder (L-1) for a significant tender floated by the UP State Bridge Corporation Limited. This tender is for Consultancy Services for Construction of Civil Works (CSC), which includes supervision, monitoring, quality control, and work zone safety for the construction of various infrastructure projects such as bridges, rail over/under bridges, flyovers, and elevated roads across several districts in Uttar Pradesh.

The estimated value of this bid stands at ₹60.03 Crore plus GST, reflecting the scale and importance of the project. This achievement underscores RITES' growing expertise and role in handling major infrastructure projects in India. The award of this contract is subject to a thorough scrutiny and evaluation process by UP State Bridge Corporation Limited, as per the guidelines mentioned in the tender documents.

The scope of the consultancy services includes overseeing the entire lifecycle of construction projects, ensuring that they adhere to the highest standards of safety and quality. The contract is expected to be executed within 36 months from the issuance of the Letter of Award, marking a significant commitment for RITES in the infrastructure sector.

For more updates on similar developments and opportunities, explore the Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance Saathi and stay tuned to the Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News- Finance Saathi for the latest news and insights.

To receive regular stock market trading and investment calls, join our Trading with CA Abhay Telegram Channel. Stay updated with share market trends and IPO news by following the Finance Saathi Telegram Channel.

Begin your stock market journey and explore IPO opportunities by opening a free demat account with Choice Broking FinX.

Services

RITES Declared Lowest Bidder for UP State Bridge Corporation's ₹60.03 Crore Tender

Related News