NBCC Signs MoU With RSCL
2019-02-26 Business Deals / Tie-ups Construction Western India
NBCC (India) Limited has signed a Memorandum of Understanding (MoU) with Raipur SMART City Limited (RSCL). RSCL has appointed NBCC (India) Limited as their Executing Agency for the various infrastructure works under Raipur SMART city Limited at Raipur; on "Deposit work basis", NBCC will charge project management consultancy (PMC) fees of 8% (Eight percent) on the actual cost of work. For projects on a self-sustainable basis, NBCC will charge an additional 2% (Two percent) of sale proceeds towards marketing and sale of Monetization of land/built-up spaces.