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Tag: 91L

Ensure contractor returnsRs 91L security deposit: Govt | Kochi News

Kochi: State government has issued an order asking Kochi corporation authorities to take measures to ensure that the contractor of Rajiv Awas Yojana (RAY) project pays back the security deposit of Rs 91 lakh. The order was issued based on a probe report by the performance audit department.
As per the order, local body authorities should complete all procedures within two weeks and inform the state government about it. Until the contractor pays back the amount, it will be the liability of corporation secretary, superintending engineer and the mayor, the order stated.
Mayor Soumini Jain said Kochi corporation owes more money to the contractor. “As of now, the corporation owes the contractor around Rs.1.62 crore. That’s why we released his security deposit which comes to just Rs.91 lakh,” Jain said, adding that as the corporation owes more money to the contractor, the issue of taking back the security deposit doesn’t
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