Mumbai, June 30 -- The phenomenon of negative bidding in India's roads sector has moved from being an occasional occurrence to an industry-wide concern. With contractors increasingly quoting significantly below project estimates to secure orders, questions are being raised over project viability, execution quality and the long-term sustainability of the contracting ecosystem.
These concerns formed the core of a high-level industry roundtable organised by CW, where senior industry leaders deliberated on the reasons behind the trend, its implications and the reforms needed to restore discipline and sustainability in road contracting...
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Published by HT Digital Content Services with permission from Construction World.