National

New rule means contractors need to use bank credit in public construction projects

Contractors lobbying against the provision say it limits their ability to participate in more bids and adds up to their costs. New rule means contractors need to use bank credit in public construction projects
Contractors say the new rule forces them to put up collateral to receive the credit line facility from banks without a guarantee that a contract would be awarded to them. Post File Photo
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Prithvi Man Shrestha
Published at : October 31, 2019
Updated at : October 31, 2019 07:37
Kathmandu

Prithvi Man Shrestha

Prithvi Man Shrestha was a political reporter for The Kathmandu Post, covering the governance-related issues including corruption and irregularities in the government machinery. Before joining The Kathmandu Post in 2009, he worked at nepalnews.com and Rising Nepal primarily covering the issues of political and economic affairs for three years.


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