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Requisites for projects up to Rs 200 million need to End: FCAN

  1 min 13 sec to read

April 3: Construction entrepreneurs have demanded to remove the prerequisites in the construction project up to Rs 200 million. The demand was endorsed by 18th AGM of Federation of Contractors’ Association of Nepal (FCAN) held in Ratnanagar, Chitwan. The demand is included in 29-points Chitwan manifesto of FCAN. “Initiation would be taken with the government to establish legal system for prerequisites only in complex construction projects worth more than Rs 200 million,” states the manifesto.

The AGM has decided to initiate the system that will qualify the joint-venture construction projects of Rs 20-200 million when the prerequisites required are met by main partner solely or by all partners, mentioned in the bid, collectively.

Similarly, FCAN also demands of mandatory representation of the Federation in National Reconstruction Authority (NRA) formed by the government. The manifesto also states to initiate surpassing of first amendment of Public Procurement Act, 2063 and amend the state-rule that required requisites in construction projects worth less than 200 million. 

 “AGM has provided framework for mergers of construction companies just as BFIs,” informs Bishnu Budhathoki, Spokesperson of FCAN, adding, “Decision has been taken to demand appropriate legal provision with the government for conducting mergers and accredit the experience of merging companies, turnover and bank  ‘reference’ of all firms and companies.”   

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