BusinessCAG Flags Unrealistic Rates and Cost Overestimations by CPWD
The Comptroller and Auditor General of India (CAG) has identified significant discrepancies in the Central Public Works Department's (CPWD) rate-setting methodology. The report highlights that 93% of projects were awarded below CPWD's own cost estimates, suggesting inflated initial valuations.
By Project Chintan Newsroom · 14 Aug
