The firm has quoted ₹1,189 crore for the project, 10.44% less than the projected cost of ₹1,328 crore. The other two bidders were Larsen & Toubro Limited and Tata Projects Limited, but both were more than our projected cost.
The Executive Enclave is the fourth project to be tendered by the CPWD as part of the ₹13,500-crore Central Vista redevelopment project. Bids for the project were first invited in November 2021 and the project cost was estimated around ₹1,171 crore. Ahluwalia Contracts India Limited emerged as the lowest bidder when the financial tender was opened in March this year.