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Seeking public comments on preliminary draft of Public Contracts (Resolution of Disputes) Bill, 2015

Seeking public comments on preliminary draft of Public Contracts (Resolution of Disputes) Bill, 2015
Start Date :
Jun 16, 2015
Last Date :
Jun 30, 2015
17:00 PM IST (GMT +5.30 Hrs)
Submission Closed

The Finance Minister in his budget speech for the Union Budget 2015-16 interalia stressed the need to streamline the institutional arrangements for resolution of disputes relating ...

The Finance Minister in his budget speech for the Union Budget 2015-16 interalia stressed the need to streamline the institutional arrangements for resolution of disputes relating to public contracts and proposed to introduce Public Contracts (Resolution of Disputes) Bill. The relevant excerpt from his budget speech is as follows:

"73. On the other hand, disputes arising in public contracts take long to resolve, and the process is very costly too. My Government proposes to introduce Public Contracts (Resolution of Disputes) Bill, to streamline the institutional arrangements for resolution of such disputes."

2. Accordingly, a preliminary first draft of Public Contracts (Resolution of Disputes) Bill, 2015 has been prepared. The proposed legislation is envisaged to deal with the contracts entered into by Public Authority for construction projects and infrastructure projects including PPP projects.

3. The draft bill is attached for obtaining comments/views of stakeholders.

Last date/time to share your views is 30th June, 2015 by 5.00 PM.

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Showing 92 Submission(s)
CHELLAPANDIAN R
CHELLAPANDIAN R 10 years 12 months ago
A Piece of amount is invested in PPP Mode infra projects and in the form of toll or fee publics are exploited indefinitely. It should be streamlined
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MAHESH SONEJI
MAHESH SONEJI 10 years 12 months ago
Normally contracts contain liquidated damages or penalty clause. My experience in professional orga. suggests that human beings have inherent hidden desire to earn bonus; something special in recognition of special efforts. Contracts should provide for bonus and penalty clause. In bonus, what is accomplished is timely execution, proving proverbial saying true - time is dearer than money.
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Rohitash Kejriwal
Rohitash Kejriwal 10 years 12 months ago
Time bound project with free maintenance for 20 yrs and regular quality check.. In case of bad quality fine more then project cost...
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santhosh_27
santhosh_27 10 years 12 months ago
Farmer needs to take care they stugling lot in tamilnadu,every time he need borrow money and he will do farming after harvest all money given to money lender ,this need to takecare
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ravikumar_15
ravikumar_15 10 years 12 months ago
The bi weekly change in the petrol prices gives a poor face to the Govt. the price system should be revamped. As in the case of other manufactured products there should be a long standing price for the petroleum products. Since the price can be change based on the price of imported crude oil the oil companies are not bothered to find out a solution to reduce the manufacturing cost for example by reducing the administrative costs. Now the top executives are not worried on the increase in price.
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