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Ram Temple Firms Asked For Guarantees As Final Payments Begin
The main construction of the Ram temple in Ayodhya is finished.
Companies that worked on it are now moving from regular payments to final payments.
Before receiving those payments, they must promise that their work will remain strong.
They will do this by providing performance bank guarantees.
The temple trust also wants an outside group to check many of the final bills.
Engineers India Limited will review at least 60 to 70 percent of them.
Other projects, including an auditorium and museum, are still being built.
Some of this work is three to four months late.
Officials hope the delayed work will be finished by January or February.
Temple construction companies must provide performance bank guarantees before receiving final payments.
Payments had been made progressively over five years as construction advanced.
Engineers India Limited will audit at least 60 to 70 per cent of final bills.
The temple is complete, while an auditorium and other associated works face delays of three to four months.
The International Ram Katha Museum, security wall and other projects were reviewed during Nripendra Misra’s Ayodhya visit.
- Who
- Nripendra Misra, the Shri Ram Janmabhoomi Temple Construction Committee, construction companies including Larsen & Toubro and Tata, and Engineers India Limited.
- What
- Construction companies will provide performance bank guarantees, while final bills undergo additional auditing.
- Where
- The Shri Ram temple complex and associated projects in Ayodhya.
- When
- The announcement was made on September 15 during Misra’s third and final day of a three-day visit to Ayodhya.
- Why
- The guarantees are intended to preserve construction quality in coming years, and the audit is intended to review final bills.
Key facts
- Payment stage
- Payments are moving from running payments to final payments and adjustments.
- Guarantee requirement
- Each company must provide a performance bank guarantee.
- Additional auditor
- Engineers India Limited will audit at least 60 to 70 per cent of the final bills.
- Existing project management consultant
- Tata is already involved in project management consultancy.
- Delayed facilities
- An auditorium inside the temple complex and another facility outside it are delayed by about three to four months.
- Expected completion
- Officials hope the delayed work will be completed by January-February.
- Security wall
- An outer security wall around four kilometres long was among the matters reviewed.
Quotes
Nripendra Misra
Chairman of the Shri Ram Janmabhoomi Temple Construction Committee
“As part of the final payment process, each company will have to provide a performance bank guarantee to ensure that the quality of the work remains the same in the coming years.”
theprint.in
“Till now, over the last five years, there were running payments, meaning payments were made as the work progressed. But now an adjustment has to be made.”
theprint.in
Sources
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