Tata Projects has emerged as the lowest (L1) bidder for construction of the new Parliament building in New Delhi and is likely to be awarded the contract for the project.
The bids for the project were opened on 16 September 2020 and bids for the project finalised saw Tata Projects submit a bid for
Rs 861.90 crore while Larsen & Toubro quoted a bid of Rs 865 crore.
The Central Public Works Department (CPWD) had put a tender out for the project, which had estimated the cost to be Rs 889 crore.
The deadline for redevelopment and construction of the new Parliament building is 2022.
As per the plan, a new triangular shaped Parliament building will be constructed, while the current Parliament building will be revamped. The exterior structure of the historic building will be kept intact
