Tightened Eligibility Criteria for Road Projects
The Ministry of Road Transport and Highways has updated the eligibility criteria for bidding on road projects under the Hybrid Annuity Model (HAM) and Engineering, Procurement, and Construction (EPC) mode. This initiative aims to enhance construction quality and ensure timely completion of projects.
HAM Projects
- Raised the threshold financial capacity for bidders to 20% of the estimated project cost, up from 15%.
- Focus on attracting large companies with substantial financial resources.
EPC Projects
- Increased the minimum net worth of a bidder to 10% from 5%.
Sector Definition Changes
- Railways, metro rail, and ports have been reclassified under the core sector, excluded from highways.
