Govt, be a Bet­ter Pay­mas­ter

The Economic Times - - The Edit Page -

Apro­pos the Edit ‘Govt, Don’t Hold Up Con­trac­tor Pay­ments’ (Apr 18), it is rou­tine for govern­ment agen­cies and de­part­ments to hold up pay­ments of pri­vate con­trac­tors — some­times due to lack of proper bill or be­cause of­fi­cials’ palms have not been greased. Ul­ti­mately, it is the pri­vate con­trac­tor who suf­fers as, at times, the project’s vi­a­bil­ity suf­fers due to the huge de­lay in pay­ments. If the govern­ment en­sures timely pay­ments in such cases, it will not only ben­e­fit the pri­vate con­trac­tors but the over­all econ­omy as well.

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