Power Mech Updates on Rs 362 Crore to Rs 593.99 Crore Medical College Construction
Power Mech Projects updates the cost of the Uttarakhand medical college construction from ₹362 crores to ₹593.99 crores due to scope changes.
by Damodharan N
Updated Jul 23, 2024
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Power Mech Projects Limited has provided an update on the construction project for a Government Medical College and Hospital awarded by Uttarakhand Pey Jal Nigam Limited (UKPJNL). The revised estimate for the project has increased from ₹362 crores to ₹593.99 crores.
The adjustment in the contract value is due to changes in the scope of work specified by UKPJNL. The construction involves building a comprehensive medical college and hospital facility in Uttarakhand. This increase reflects additional work required beyond the original contract specifications.
This update is provided to keep the public informed about the significant changes in the project scope and financial implications.
Source: Here
Power Mech Projects
Power Mech Projects Limited, established in 1999 and based in Hyderabad, is a major player in the infrastructure construction sector. Founded by S. Kishore Babu, the company specializes in a wide range of services including industrial, civil, and electrical construction, as well as water, mining, and overseas business projects.
With over 40,000 employees and extensive experience, Power Mech is known for its commitment to high quality, safety, and timely execution. It has successfully completed over 208 projects for more than 80 clients globally.
Power Mech Updates on Rs 362 Crore to Rs 593.99 Crore Medical College Construction - FAQs
1. What is the updated contract value for the medical college construction?
The contract value has been updated from ₹362 crores to ₹593.99 crores.
2. Who awarded the construction contract?
The contract was awarded by Uttarakhand Pey Jal Nigam Limited (UKPJNL).
3. Why did the contract value increase?
The increase is due to changes in the scope of work specified by UKPJNL.
4. What is the nature of the construction project?
The project involves building a Government Medical College and Hospital in Uttarakhand.
5. What does the scope of work include?
It includes the construction of a comprehensive medical college and hospital facility.
6. When will the updated project costs take effect?
The updated costs are effective immediately, reflecting changes made to the project scope.
7. How will the additional work impact the project?
The additional work required has led to an increase in the contract value to cover these changes.
8. Is there any information on the project completion date?
The update does not specify a new completion date, but the project will follow the revised scope of work.
9. How will the public be informed about these changes?
The update is part of Power Mech’s disclosure to keep the public informed about significant changes in project scope and costs.
10. Who is Power Mech Projects Limited?
Power Mech Projects Limited is an infrastructure construction company based in Hyderabad, specializing in various construction and industrial services.
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