JULY 202319Generally, in the EPC mode of contract, as the land is given to a contractor incumbrance free for a period of five years plus the construction period, the contractor strives to ensure that there is no further encroachment after the contract is signed. In the second part of the EPC contract, the contractor is given the liberty or authorization to directly contact the forest department, electrical department, PHE department, or utility department, along with the District Magistrate for expediting the process of land acquisition for removal of utilities, and all of the other facilities which are required to be done prior to commencement of construction. So, apart from the government, the contractor is also playing a very vital role during the development period, to remove these things, which earlier was done by the State or the Central government with the help of the District Administration. Now, apart from the District Administration, the EPC contractor is also playing a very important role in this pursuit. "Our uniqueness is that, we are believers not in creating CEOs or Vice Presidents, we believe in creating entrepreneurs. Hence, what we have done to decentralize the process of construction is that we have created lots of subsidiaries within the main company, where numerous owners or stakeholders are created like an entrepreneur who is taking care of each segment. For example, if there is a Railway over Bridge, we have got a segment or person in the company as an entrepreneur, who's taking care of only Railway over Bridge construction and who specializes in doing that. This unique methodology, helps us get the best of the people and deliver the required to clients", states Pradip.BVEPL are government contractors. As there's a national and international bidding process, it gets the contracts through the tendering process (open tender) doing bids on the different portals knowing about the E-notices. While bidding for the tenders is an extensive process, BVEPL thoroughly checks the viability, accessibility, costing, computation of quantities, and other things, because in the EPC mode, the engineering, design, drawing, construction, and procurement & construction, are done by the contractor party. "There are different modes of contract like HAM or BOT (which are a part of PPP), where we are not in a big way, but there are a lot of concessionaires like big giants in our field, who are more into financial modeling like Adani, and so many other big companies out there who are more interested in BOT or HAM projects. Hence, we are trying to tie up with the financial concessionaires who are into a long-term BOT or HAM, so that we can take the EPC contracts from there (right before the tendering process) because they also need an EPC contractor to do the work", adds Pradip.Future RoadmapThrough proficient employees deployed in the team and serving the clientele directly such as the NHAI (National Highway Authority of India), MORTH (Ministry of Road Transport & Highways), and PWD (Public Works Department), and private contractors like Ashoka Buildcon, and DRA, the company has come a long way as of today. Currently in the 50th year of its existence, as they touched more than 1000 crores of revenue in 2023, rising from scratch, BVEPL further plans to relish 2000 crores turnover in the approaching next two years. Furthermore, there are several projects in the pipeline that will be adding more to its brand value in the future. SH1 Bongaon ChakdahaNH33 Ranchi Jamshedpur
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