Contractors seek return of deposits from civic body - News Summed Up

Contractors seek return of deposits from civic body


The Vizianagaram Municipal Civil Contractors’ Welfare Association has asked the Vizianagaram Municipal Corporation to return Earnest Money Deposits (EMD) immediately since a majority of the contractors were not in a position to take up new works and complete pending works in the fort town limits. They submitted memorandums to Special Officer of the civic body and Collector M. Hari Jawaharlal and Municipal Commissioner S.S. Varma, explaining their difficulties. Bills were pending for about ₹70 crore works taken up by many contractors in Vizianagaram, and they were doing the rounds of government and municipal officers for payments, they said. “The government should release payments immediately since a majority of the contractors have to clear huge debts with interests. ‘Officials helpless’Meanwhile, the municipal authorities said that they were also in a helpless position due to the government’s decision to stop all the payments.


Source: The Hindu August 01, 2019 20:32 UTC



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