Hyderabad, May 11 -- Roads and Buildings department officials on Monday, May 11, told Minister Komatireddy Venkat Reddy that contractors in Telangana were quoting much lower amounts for HAM projects compared to similar projects in other states.

The Roads and Buildings Minister was holding a review meeting at the Secretariat, where he sought a detailed explanation on the tender process, project costs and excess bids concerning Hybrid Annuity Model (HAM) road projects.

Officials informed that across the country, over 374 HAM projects worth nearly Rs 4-5 lakh crore are currently in progress. Gujarat has recorded excess bids of up to 66 per cent, while Maharashtra witnessed nearly 47 per cent excess in HAM projects. Similar trends have been...