Small Contractor India

Who are small contractors? A company delivering works & services in construction & manufacturing industry , with limited resources, usually as a sole proprietorship or simple partnership, the owner manages most of the company's key activities is a small contractor. A small contractor usually do not employ qualified personnel and the promoter is too busy with the problems of getting jobs, following up purchases of materials, supervising work on site, following up the processing of payments etc. Most small contractors prefer to maintain tight control of all aspects of the company’s operations, especially where this involves monetary transactions such as negotiating with potential clients or suppliers, or purchasing of materials.  Advantages of small contractors The construction industry is an important source of employment in India. It accounts for about 8 % of the total employment. Construction typically contributes 5 % to 9 % to GDP in India and provides backward and...

Award of Infrastructure Projects on L & T Ltd Government of India (GOI), in the recent past, have awarded many large projects on Larsen & Toubro Ltd (L & T). As a leader in Infrastructure construction L & T won number of projects. Infrastructure company Larsen & Toubro (L&T) on said recently that its construction arm has bagged 'significant' orders across various business segments in the domestic and international market. The company did not provide the value of the contracts, but said the orders fall under the "significant" category, which ranges between Rs 1,000 crore and Rs 2,500 crore, according to the classification of contracts. The construction company has won a slew of orders in India and abroad for its various businesses," the company said in a statement. The company's buildings and factories business has secured an order to construct multi-level parking and advocates chambers for the High Court at Allahabad, it said. The pr...