Govt eases steel usage curb to reduce highway construction cost
ROADS & HIGHWAYS

Govt eases steel usage curb to reduce highway construction cost

For constructing highways, the government has allowed the use of steel produced by secondary steel makers.

Earlier, the contract provisions required the use of steel manufactured by primary or integrated steel producers only. The move is to ensure cost reduction in highways construction using steel. As reported, the government also announced that all types of steel would be allowed for highways provided these meet the quality parameters.

Click here to access steel prices

The steel proposed to be used would be tested in the National Accreditation Board for Testing and Calibration Laboratories (NABL) accredited laboratories as a third party check before approval. The move is based on the analysis and discussions with stakeholders and also technical opinion.


Make in Steel 2021

24 February 

Click for event info


4th Indian Cement Review Conference 2021

17-18 March 

Click for event info


Other than reining in the integrated steelmakers from further jacking up prices, the latest move will also widen the sourcing scope and provide a cushion to the secondary steel producers who were hit hard by the Covid-19 pandemic.

With this step, the supplier base for steel used in the construction of national highways would increase, leading to more competition and better price discovery by the markets.

This is also part of the ministry's continuous effort to reduce costs through the use of new technology, reducing restrictions on suppliers and making the procurement system transparent, it added.

Image Source


Also read: Govt issues new domestic procurement norms for 49 steel products

Also read: Sharp increase in steel prices to hit NHAI projects in TN

For constructing highways, the government has allowed the use of steel produced by secondary steel makers. Earlier, the contract provisions required the use of steel manufactured by primary or integrated steel producers only. The move is to ensure cost reduction in highways construction using steel. As reported, the government also announced that all types of steel would be allowed for highways provided these meet the quality parameters. Click here to access steel prices The steel proposed to be used would be tested in the National Accreditation Board for Testing and Calibration Laboratories (NABL) accredited laboratories as a third party check before approval. The move is based on the analysis and discussions with stakeholders and also technical opinion.Make in Steel 202124 February Click for event info4th Indian Cement Review Conference 202117-18 March Click for event info Other than reining in the integrated steelmakers from further jacking up prices, the latest move will also widen the sourcing scope and provide a cushion to the secondary steel producers who were hit hard by the Covid-19 pandemic. With this step, the supplier base for steel used in the construction of national highways would increase, leading to more competition and better price discovery by the markets. This is also part of the ministry's continuous effort to reduce costs through the use of new technology, reducing restrictions on suppliers and making the procurement system transparent, it added. Image Source Also read: Govt issues new domestic procurement norms for 49 steel products Also read: Sharp increase in steel prices to hit NHAI projects in TN

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?