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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