RITES Ltd., a leading engineering consultancy company, recently informed exchanges that the company has been awarded a ₹148.25 crore (excluding GST) contract by the Indian Institute of Management Raipur (IIM Raipur).
The contract involves providing project management consultancy (PMC) services for the execution, supervision, monitoring, and development of IIM Raipur’s Phase II campus in Chhattisgarh. The contract follows a cost-plus model and is set to be completed within 23 months.
Key Highlights of the Project:
- Awarding Entity: Indian Institute of Management Raipur (IIM Raipur).
- Project Nature: Cost-plus contract for project management consultancy services.
- Scope of Work:
- Execution of the Phase II campus project.
- Supervision and monitoring of construction activities.
- Development of the campus infrastructure to align with IIM Raipur’s standards.
- Project Timeline: The project is expected to be completed in 23 months.
- Contract Value: ₹148.25 crore, excluding GST, inclusive of the PMC fee.
- Domestic Focus: The project is entirely domestic.
