Mint explainer: why government cracked down on ultra-low highway deals | Today’s news

Sanjay Kumar Sinha, Founder and Managing Director, Chaitanya Projects Consultancy Pvt. Ltd., says that bidding too low often led to financial stress, delays, contractual disputes and reduced project quality. Requiring a higher performance bond, they argue, strikes a balance between preserving competition and ensuring that projects are awarded to contractors with the financial capacity to complete them successfully.