March 5 Update: Dilip Buildcon has been issued LOAs for both packages
February 24 Original Post:
Dilip Buildcon Ltd. today emerged as the lowest bidder for constructing the 260.85 km Bangalore – Chennai Expressway Phase 1’s Packages 1 and 2 after National Highways Authority of India (NHAI) opened financial bids.
Both packages (Bangalore – Malur and Malur – Bangarpet) are each 27.1 km long on the Bengaluru-end of the expressway and entirely within Karnataka.
This new Hybrid Annuity Mode (HAM) expressway was originally envisioned as an 8 lane access-controlled road from the get-go, but was downgraded to 4 lanes in mid-2020 keeping the projected traffic in mind. The feasibility reports suggests it will get saturated in 2029 (4 lane), 2037 (6 lane) and 2041 (8 lane). All structures (bridges, culverts etc.) will be built up to allow for 8 lanes in the future.
NHAI invited bids for both packages in September 2020 with a completion period / deadline of 730 days (2 years). Technical bids were opened on February 22 to reveal 11 bidders.
Here are the financial bid values of the lowest 5 technically-qualified bidders:
Phase 1 – Package 1
NHAI’s estimate: Rs 939.32 crore
Financial Bid Values:
|Dilip Buildcon||Rs. 1079.23 crore|
|KMC||Rs. 1102.73 crore|
|PNC||Rs. 1111.82 crore|
|Montecarlo||Rs. 1112.72 crore|
|IRCON||Rs. 1140.78 crore|
Brief Scope: Construction of 8 lane Bangalore – Chennai Expressway from Km 0.000 to Km 26.400 (along with 0.700km approach towards NH 207 with interchange on NH4 at start point) (Bangalore to Malur Section in the State of Karnataka under Bharatmala on Hybrid Annuity Mode (Phase I-Package I)
Phase 1 – Package 2
NHAI’s estimate: Rs. 1031.42 crore
Financial Bid Values:
|Dilip Buildcon||Rs. 1186.94 crore|
|PNC||Rs. 1226.76 crore|
|Montecarlo||Rs. 1246.68 crore|
|DP Jain||Rs. 1280.51 crore|
|IRB||Rs. 1290.76 crore|
Brief Scope: Construction of 8 lane Bangalore – Chennai Expressway from Km 26.400 to Km 53.500 (Malur to Bangarpet Section) in the State of Karnataka under Bharatmala on Hybrid Annuity Mode (Phase I-Package II)
Dilip Buildcon’s lowest bid for each package, especially #2, is way above NHAI’s estimate, so it remains to be seen if the contracts will be awarded or not. I haven’t actively tracked NHAI’s past record in awarding contracts for such cases, so I’m not sure if these are ripe for negotiations or will go into a retender.
NHAI in 2009 had appointed Egis – BCEOM International – SECON Pvt. Ltd. as this project’s consultants for preparing its feasibility and preliminary design report under NHDP Phase-VI.
The entire project has been divided up into 3 phases with a total of 10 sections / packages between Bangalore and Sriperumbudur near Chennai. This week I’m going to create a dedicated information page with a status of each. Once that’s done, I’ll link it right here, so do check back! Update: Here’s the link to the new page.
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