Infra firms bag top ranks in pre-scoring system

Written by Press Trust of India | New Delhi | Updated: Dec 1 2009, 05:18am hrs
Infrastructure players GMR, Larsen & Toubro, Leighton Contractors and Isolux have bagged top ranks in pre-scoring system that the transport ministry has introduced to expedite process of awarding road projects to private companies.

Scores were given to developers on the basis of their investments in projects across different sectors over the past five years. The points will now be used for faster evaluation of their financial capability for different road projects.

GMR Infra has the highest score at 16,174, followed by L&T at 11,128. Leighton has scored 10,391 while Isolux is at 7,642. Some of the other high scorers are Hindustan Construction Company, IRB Infra and Lanco Infra. Overall, forty-nine infrastructure companies have been covered under the system and allotted pre-scores. Other firms will be covered gradually.

Pre-scoring will expedite the process of evaluating the documents of different companies for awarding projects . Now, only a small formula applied on the pre-scores will help us determine the eligibility, a transport ministry official said. Companies take 45 days to submit eligibility documents for each project, they wish to bid for and the government takes as much time to see whether they qualify for bidding or not. But with this system, whole process can be conducted in 4 days, he said.