Govt saved Rs 106 crore in Tidco tenders: Botcha Satyanarayana

Amaravati: By adopting reverse tendering in four districts, Andhra Pradesh Township and Infrastructure Development Corporation (APTidco) has saved Rs 106 crore, disclosed Minister for Municipal Administration and Urban Development Botcha Satyanarayana.

Addressing the media at the Secretariat on Friday, the Minister said that it has been estimated that it would cost Rs 271.03 crore to construct 5,808 housing units in Chittoor district. Indrajit Mehta Constructions and DEC Infrastructure and Projects competed vied to bag the tender.

Finally, DEC Infra secured the tender by quoting the lowest amount of Rs 203.18 crore. Though it was estimated that it would cost Rs 1,587 per sq ft, the DEC Infra has come forward to build at a cost of Rs 1,321 per sq ft saving about Rs 40.85 crore to the government. Likewise, in Krishna district, the NJR Constructions has come forward to construct houses at the rate of Rs 1,321 per sq ft as against the estimated cost of Rs 1,628. The government saved Rs 14.35 crore in the reverse tendering.

In Visakhapatnam district also, the government saved Rs 28.83 crore with the Indrajit Mehta Constructions quoting Rs 1,304 per sq ft as against the estimated Rs 1,609. In Vizianagaram district, the government saved Rs 21.88 crore with Injdrajit Mehta Constructions coming forward to build houses at a cost of Rs 1,315 per sq ft as against the estimated cost of Rs 1,578.

The Minister said that in all the government saved Rs 105.91 crore in the four districts. "Ultimately people benefited through reverse tendering," the minister asserted. Botcha announced that tenders would be called for constructing 65,998 housing units on December 13 at an estimated cost of Rs 3,258 crore. He hoped that money would be saved in the fresh reverse tendering too.