Model Epc Agreement For Highways

Currently, national highways, which are not feasible in BOT (toll) and annuity mode, are integrated into traditional articles collective agreements. However, over the years, it has been found that item rate contracts generally result in time and cost overruns. Such disadvantages of collective agreements of articles can be overcome by following the APPROACH of the EPC, which depends on the allocation of responsibility for the study, design and construction of the contractor at a flat price within a time frame determined by the tenders. In the case of an early end of the work, the bonus developer will be given, while for errors in construction, he will draw the penalty. If the government does not comply with its commitment, it will award damages to the contractor. In the meantime, the government will pass 30 contracts to build about 4,000 km of highways on EPC mode, the standard document for which it was approved today. As a result, the ICC has authorized the operation and maintenance of national operating, maintenance and transfer (OMT) highways. The implementation of the maintenance of national motorways is a basis for operation, maintenance and transfer. Ex-de facto authorization for six OMT projects on an east-west corridor of approximately 963 km, granted after the approval of the Standing Committee on Finance (SFC) and subsequent approval by the Minister (RT-H). National road users across the country will benefit in large part, as traffic will be smooth on well-maintained roads. Thanks to this authorization, all work on national motorways that is not carried out in PPP mode [BOT (toll) or BOT (Annuity)] is carried out mainly in EPC mode. The Engineering, Procurement and Construction (EPC) contract „will minimize, if not eliminate, the time and cost overruns that characterize existing contracts.

In addition, this will speed up the introduction of projects, with lower cost and efficiency. Dr.C.P.Joshi, Minister of Road Transport and Highways. The Ministry of Roads, Transport and Highways has worked hard to reach the target of allocating nearly 9,500 km of highways during the current tax. In order to attract the interest of prudent developers for road projects, the Cabinet Committee for Infrastructure (CCI) gave the green light to the framework agreement on modelling, procurement and construction (EPC) for the construction of national two-lane roads. Under the CPR model, the government spends all of the funds needed to build roads.

abgelegt unter: Allgemein