Rs. 32,000 fine daily to Construction Company for delay

Syangja, May 16: Kirateshwor Construction and Drilling Company Private Limited of Sukedhara in Kathmandu has to pay Rs. 32,492 fine to Arjun Chaupari Rural Municipality on a daily basis.

After it failed to build the administrative building of the rural municipality in time, the rural municipality fined it as per the decision of the municipality’s executive meeting on April 26 and Rules 121 of Public Procurement Regulations 2064. It did not complete the construction even for an additional 15 months. Initially, they signed an agreement to complete the construction within 15 months of signing the agreement.

Chief Administrative Officer of the Arjun Chaupari Rural Municipality Ujwal Bahadur Basnet said that a fine of 0.05 per cent of the total cost of construction of the administrative building of Rs 74.01 million has been charged to the construction company. The building of the rural municipality was built on 30 ropanis of land leased from the government for 30 years.

Similarly, Kirateshwor Construction and Drilling Company Private Limited got the responsibility of the construction of a building in Phedikhola Rural Municipality and the work has been delayed here as well. The company was awarded a five-storied building with lift at a cost of Rs. 78.6 million.

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