{"id":386590,"date":"2020-11-27T12:15:08","date_gmt":"2020-11-27T06:45:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=386590"},"modified":"2020-11-27T13:29:23","modified_gmt":"2020-11-27T07:59:23","slug":"aiming-to-boost-road-sector-nhai-drive-looks-to-settle-disputes-with-contractors","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/aiming-to-boost-road-sector-nhai-drive-looks-to-settle-disputes-with-contractors\/","title":{"rendered":"Aiming to boost road sector, NHAI drive looks to settle disputes with contractors"},"content":{"rendered":"<p>The National Highways Authority of India (NHAI) will soon begin a drive to settle with its contractors all existing disputes \u2014 worth Rs 70,000 crore and stuck at various levels of arbitration for years \u2014 within weeks and save around Rs 50,000 crore in potential payout, giving a fillip to the road construction industry.<\/p>\n<p>Contractors have on various occasions taken disputes to the available fora over the years, seeking claims from the country\u2019s premier highways maker through clauses of the contract. Arbitration and litigation in such cases typically take years, and also keep that much liquidity notionally tied up. The NHAI has decided to reach out to all such contractors\u2014big and small players\u2014to settle the disputes \u201camicably\u201d, and hopefully within a few weeks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Highways Authority of India (NHAI) will soon begin a drive to settle with its contractors all existing disputes \u2014 worth Rs 70,000 crore and stuck at various levels of arbitration for years \u2014 within weeks and save around Rs 50,000 crore in potential payout, giving a fillip to the road construction industry. Contractors have on various occasions taken disputes to the available fora over the years, seeking claims from the country\u2019s premier highways maker through clauses of the contract. Arbitration and litigation in such cases typically take years, and also keep that much liquidity notionally tied up. The [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-386590","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/386590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=386590"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/386590\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=386590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=386590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=386590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}