NMDC releases Standard Bidding Document for Turnkey Works on December 15 at its Head Office in Hyderabad.
- The mining major has ambitious and capital-intensive Projects lined up and this Standard Bidding Document will ensure greater efficiency in awarding, executing and monitoring contracts.
- NMDC has reviewed its existing Standard Bidding Document and updated it with best practices adopted across the industry.
- The Standard Bidding Document makes Project Management and Monitoring, Scheduling of Work, Price Evaluation, Payment Advice, Flagging of Issues and Dispute Resolution simpler and easier, thereby enhancing ease of doing business with NMDC.
About turnkey project
- A turnkey project is a delivery method in which a single entity—a contractor—works with a project owner under a single contract to complete all stages of a project from detail engineering through construction
