Report of the Rates and Costs Committee Part I

Abstract

The Government of India have been viewing with some concern the large increase in the estimated expenditure of some of the Major River Valley Projects under execution in the country. Special provision has been made for these projects in the Five-Year Plan and periodic increases in the estimated costs, apart from making it difficult to find ways and means of providing additional funds for the completion of such projects, are calculated seriously to affect the implementation of the plan. Under-estimating, due to the absence of adequate information on the rates to be adopted for different items of work seems to be one of the main causes of these mounting estimates.