Modi urges states to expedite clearing power dues

Beyond Building Faster

India’s cities are expanding at an unprecedented pace, bringing new infrastructure and development opportunities while also intensifying challenges around mobility, public spaces, liveability and supporting infrastructure. The question, therefore, is not simply whether India can build faster, but whether it can build cities that work better.At a CW webinar, Are We Designing Better Cities – or Just Building Faster?, moderator Ar. Samir Shaikh, Founding Principal, AR&UD Studio, brought together perspectives from design, development, master planning and technology...To read the full artic..

Risk is the Roadblock

For an industry often described as capital-intensive, India’s roads and highways sector faces an interesting paradox: Capital is available, but not every form of capital is willing to take every kind of risk.The discussion on Financing Roads & Highways in a Capital-Constrained Era, moderated by Suneet K Maheshwari, Managing Partner, Udvik Infra, and Independent Board Director, brought together Pratik Panwala, Vice President, Investments, NIIFL; Vishal Gupta, Senior Vice President - PA&SF, SBI Capital Markets; Sandeep Upadhyay, Managing Director - Infrastructure Advisory, Centrum Capi..

When the Clause Bars Damages

In large-scale infrastructure and construction projects, delays are often an inevitable reality. To shield themselves from financial liabilities arising out of project prolongations, employers – particularly government entities and public-sector undertakings (PSUs) – frequently incorporate standard ‘No Damage for Delay’ or ‘No Liability’ clauses. These clauses aim to restrict the contractor's remedy solely to an extension of time (EOT), barring any monetary claims for extra overheads, idling costs or lost profits.Origin and relevanceUnderstanding the nature, enforceability and judi..