📋 Tender Overview
Scope : To Construct 4.4 km long Jaigad Creek Bridge in Ratnagiri Distict, Maharashtra
Jaigad Creek Bridge is a 4.4 km long Jaigad Creek Bridge with 2 lanes will connect Tavasal and Sandelavagan over Jaigad River in Ratnagiri Distict
MSRDC’s Estimate: Rs. 625.87 crore
Construction of Major Bridge across Jaigad Creek between Tawsal and Jaigad on Revas Reddi Coastal Highway SH special No 5 in Ratnagiri District in state of Maharashtra on EPC Mode
Ashoka Buildcon Ltd. (ABL) was declared as the lowest bidder for the civil construction work of new bridge over Jaigad river on EPC mode in western Maharashtra.
Bridge on Maharashtra State Highway SH-4 (Revas – Reddi Coastal Highway) are part of a series of at least 8 new bridges being built by Maharashtra State Road Development Corporation (MSRDC) across creeks and rivers to cut down driving times between towns along the Arabian Sea.
MSRDC had invited bids for bridge’ construction in March 2024 with a 3 year construction deadline. Technical bids was opened on May 21 to reveal 2 bidders for contract – Ashoka Buildcon and Hindustan Construction Company (HCC).
Ashoka’s bids of Rs. 794.85 crore for Jaigad Bridge was 26.99% higher than MSRDC’s estimates, so unless MSRDC budges and meets Ashoka’s bid, then will head to a second round of bidding. Negotiations can only do so much.
