Seeking public comments on preliminary draft of Public Contracts (Resolution of Disputes) Bill, 2015

Seeking public comments on preliminary draft of Public Contracts (Resolution of Disputes) Bill, 2015
Last Date Jun 30,2015 17:00 PM IST (GMT +5.30 Hrs)
Submission Closed.

The Finance Minister in his budget speech for the Union Budget 2015-16 interalia stressed the need to streamline the institutional arrangements for resolution of disputes relating ...

The Finance Minister in his budget speech for the Union Budget 2015-16 interalia stressed the need to streamline the institutional arrangements for resolution of disputes relating to public contracts and proposed to introduce Public Contracts (Resolution of Disputes) Bill. The relevant excerpt from his budget speech is as follows:

"73. On the other hand, disputes arising in public contracts take long to resolve, and the process is very costly too. My Government proposes to introduce Public Contracts (Resolution of Disputes) Bill, to streamline the institutional arrangements for resolution of such disputes."

2. Accordingly, a preliminary first draft of Public Contracts (Resolution of Disputes) Bill, 2015 has been prepared. The proposed legislation is envisaged to deal with the contracts entered into by Public Authority for construction projects and infrastructure projects including PPP projects.

3. The draft bill is attached for obtaining comments/views of stakeholders.

Last date/time to share your views is 30th June, 2015 by 5.00 PM.

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SIDDHARTH SINGH_4 4 years 5 months ago

CFI...15 Section 25 sub section 3 Section 25 subsection 1 states that the issues and additional issues shall be framed by this tribunal. What will happen in case parties realize during the course of the matter pending before the arbitral tribunal that additional issue is required to be framed.
will it not tantamount to re writing of a contract by this tribunal.
16 Section 29 period of 120 days appears to be non realistic.