Tata Projects reworks bidding plan, risk management to boost profitability

Tata Projects’ winning bid to construct the new Parliament building has added to its impressive order line-up. The company has also been re-working its bidding strategy since last year, to improve profitability.
 
At Rs 862 crore, the firm won the bid by a narrow margin of Rs 3 crore. The low winning margin shows the company did not bid too aggressively. “The company has a good order book but the project wins are not a result of aggressive bidding. They have an advantage of resources, strong manpower, and execution capabilities,” said an analyst.
 
Cash flows for the company,