Hybrid model of 40% of the actual payment linked with milestones and balance as annuities infuses greater liquidity in the hands of developers
September 09, 2021
Seen as a performance linked incentive scheme combining the incentives of EPC and PPP, HAM became the shining star of road contracting. Over 25% of the total road projects executed and over 45% of the total projects awarded in India between 2016 and 2019 were rolled out on the HAM system of contracting... The author of this article is Davinder Sandhu, Chairman, Primus Partners & Senior Advisor – World Bank, with prior experience serving at PMO.