The Critical Path
In Ircon International Ltd v. Afcons Infrastructure Ltd, OMP (Comm) 279/2019, the Delhi High Court examined how delay and extension of time (‘EOT’) are to be assessed in construction contracts, particularly in the context of the ‘critical path’ while dealing with challenge to an arbitral award under Section 34 of the Arbitration and Conciliation Act 1996 (‘the Act’). The High Court’s observations regarding the critical path are of significant import for construction and infrastructure projects and related arbitration. The parties entered into a contract for construction of T..
Urgently Wanted: 2 Million Workers!
Construction, India’s second largest employer by industry, employs about 50 million workers but could additionally absorb another 40 million workers, according to estimates shared by the Construction Skill Development Council of India (CSDCI) in 2023. Within this, citing trade estimates, Rahul Bahl, Managing Director, Krishna Buildestates, says the shortage of trained, skilled workers is currently about 2 million, and is expected to rise to 5 million by 2030.Not only is the construction industry struggling to find workers but construction labour productivity in India significantly trails g..
Latest Updates
