India Infrastructure Update by Singhania & Partners. October 2011

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India Infrastructure Update by Singhania & Partners. October 2011 Singhania has released its October update of Indian infrastructure. In this report, there are many interesting news from different sources and also a very interesting article on how the Indian government is reinventing the EPC method.  Dipak Rao and Santosh Pandey put it in this way:
Under the new model, the contractor would accept the risk and responsibilities for both the design and the construction of the work. The Government will only provide a feasibility report and the private companies will provide design based on the feasibility report and the Government will select bidders on the basis of the design and costs quoted. The EPC which is contemplated now will be a single point responsibility contract in which the Government will just give a broad outline of requirements and quality standards. The EPC contractor takes the responsibility of completing the project at a given cost and time frame and acts as a single point of interface between the promoter and all other agencies connected with the project. This will also cut out a layer of intermediaries as the companies that bag the projects anyway give them out on true contract to smaller developers.
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