Maharashtra Government approached the Indian Institute of Technology-Bombay for a third-party audit of the lowest bid of Rs. 3,826cr from L&T for Phase-I of Shivaji Memorial project in the Arabian Sea.
A Public Works Department official said IIT-B would "proof check" L&T's bid.
Adding the construction is expected to begin in October, the official said they would commission the first phase by 2017-end.
The PWD official stated: "This (third-party audit) is part of the procedure. The report is expected to be submitted this month after which the bid may be placed before the high-power committee headed by Chief Minister Devendra Fadnavis for approval."
For the first phase of constructing the memorial and statue of Chhatrapati Shivaji, PWD received bids from three infrastructure giants: L&T, Afcons, and Reliance Infrastructure.
Though the Maharashtra Government had estimated the initial phase would cost Rs. 2,300cr, L&T and Afcons had quoted Rs. 3,826cr and Rs. 4,779, respectively.
However, Reliance Infrastructure had reportedly lost in the technical evaluation round.
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