Now, contractors can lease equipment

01 Aug 2022 CW Team

The Greater Chennai Corporation has revised its tender rules for road-cut patch-up work in seven areas allowing contractors to take equipment on lease.

This comes after a report highlighted how the civic body in its tender rules had introduced an ownership clause for equipment worth Rs 2 crore that restricted smaller contractors from participating in improving the key components of logistics, including customs performance, infrastructure quality, logistics service quality, tracking and tracing, timeliness of shipments and Trading Across Border (TAB), tractor or bobcat vehicle and mechanical sprayers.

While these are small work costing between Rs 8 to 15 lakh per project, only smaller contractors below class-three grade participate in it. However, with the ownership clause, only bigger contractors would become eligible to participate. This, the contractors said, favoured bigger contractors.

Real Estate

18 Jun 2025

Swamiraj Rebrands as House of Swamiraj, Announces Rs 210 Cr Project

In a strategic shift marking its evolution from a reputed builder to a lifestyle-focused brand, Swamiraj Constructions has rebranded as House of Swamiraj. With a two-decade legacy and over 1,700 homes delivered across the Mumbai Metropolitan Region (MMR), the company is embracing a new phase centred on community-driven, wellness-oriented living. The rebranding was unveiled via a digital campaign titled #BeyondDimensions, executed in three phases鈥攖easer, engagement, and launch. The campaign spotlighted the brand鈥檚 renewed commitment to designing homes that go beyond function to foster ..

Resources

18 Jun 2025

Morpho Dimensions Set to Cross Rs 1 billion Revenue in FY 25鈥�26

Morpho Dimensions, a venture of acclaimed architecture and design firm Morphogenesis, is transforming India鈥檚 office interiors landscape with a technology-first, design-led approach. With a secured orderbook of Rs 700 million and additional projects in the pipeline, the firm is confidently on track to cross Rs 1 billion in revenue in FY 2025鈥�26.聽By combining Artificial Intelligence (AI), Building Information Modelling (BIM), and Virtual Reality (VR), Morpho Dimensions enables clients to visualise and step into immersive, ready-to-operate workspaces within 90 days鈥攗shering in a new bench..

Real Estate

18 Jun 2025

TOTO鈥檚 NEOREST Surpasses 4 Million Global Shipments

TOTO has announced that its flagship smart toilet, NEOREST, has surpassed 4 million global shipments as of March 2025, marking a major milestone in the evolution of luxury sanitation and setting a new global benchmark in design-led hygiene innovation. Launched in 1993 with the aim to redefine conventional toilets, NEOREST has consistently merged cutting-edge technology with minimalist design. Over three decades, it has become a category-defining product, earning global acclaim with prestigious honours including the iF Design Award, Red Dot, and Green Good Design Awards. The integrate..