PolicyEconomic Times
Road ministry doubles performance security for bridge monitoring to 10%
Positive+23
GreyOak summary
The Ministry of Road Transport and Highways increased performance security for bridge health monitoring contracts from 5% to 10% of the contract value. This change aims to ensure high safety standards and prevent bridge collapses. The ministry also reduced the time for bid document changes to three days and adjusted security refund timelines.
What it affects
- Sector policyPositive +23
Road ministry raised bridge monitoring security to 10%.Rolling sentiment Positive +52
