Financial Power of Regional Offices Enhanced from Rs.30 Crore to Rs.200 Crore; 99% of Tenders to be Finalized at Regional Level
In a major decentralization initiative, the power of accepting and approving tenders have been delegated to Regional Offices of Central Public Works Department (CPWD) to speed up implementation of projects. After an extensive review of factors resulting in delayed implementation of projects by CPWD, the Minister of Urban Development Shri M.Venkaiah Naidu has delegated to Regional Work Boards financial powers to accept and approve tenders up to a value of Rs.200 crore. This amounts to substantial decentralization given that the existing power of Regional Offices is to approve tenders up to only Rs.30 crore. Further to this delegation, only less than 1% of project proposals would come to the Central Works Board of CPWD.CPWD is currently processing a total of 3,832 proposals for finalization of tenders. Of these 99% would now be decided at regional level instead of coming to CPWD headquarters in New Delhi. Of the 1,928 works in progress currently costing a total of Rs.20,370 crore, only 16 tenders were of the value of more than Rs.200 crore each, giving an indication of the impact of financial delegation approved by the Minister.
Powered by Capital Market - Live News
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
