Kathmandu, June 26 -- Around 2,500 contracts related to hundreds of ongoing development projects are expected to get a last deadline extension of one year to complete the works, failing which will result in termination of the contract.
As per the seventh amendment to the Public Procurement Regulation made on June 6, the secretary of the concerned ministry can extend the contract of under-performing projects by a maximum one year even if the deadline of such projects has already been extended by a half of the original period.
But the government agency must be assured that the work can be completed if the deadline is extended.
Government agencies had allowed the contractors to apply by Wednesday (June 26) for an extension of the project co...