The official lockdown announced by the Government, has impacted construction Industry very adversely.
While our business, which was already facing many challenges, pre COVID - 19, has now come to a virtual standstill, with the massive migration of the work force, has further compounded our problems, we need to plan actions, post COVID-19 and this is the right time to do so.
We could begin by making assessment of our losses arising out of stoppage of work and also the costs arising out of mobilization and demobilization of workers, so as to enable us to.
a) Seek compensations as may be due to our companies in line with the contractual provisions.
b) Such compensations as may be due to our companies in line with the insurance covers taken by us.
c) Issues such as revision of contractual commercial terms need to be deliberated and firmed up, to reach out to Government to seek relief.
Our council and our affiliate Construction Industry Arbitration Council (CIAC) shall be very pleased to be of assistance of any type.
Contact Shri P.K. Mishra, Addl. Director CIDC, at 9415322010 or firstname.lastname@example.org to register your expression of interest.