Contractors fined Rs 50L by BMC for cartelisation bid

The BMC last month scrapped tenders worth Rs 50 crore for the maintenance of more than 200 parks and gardens after contractors bid over 40% below estimated costs and allegedly attempted to create a cartel. The contractors have lost deposits totalling around Rs 50 lakh for bidding so much below estimates.

from Mumbai News: Latest Mumbai News Headlines & Coronavirus News Updates from Mumbai - Times of India https://ift.tt/3itnDR1