<h1>Rs 542.37 crore design-and-build contract awarded for fast-track composite steel and RC campus buildings with strict timelines</h1> A construction firm has been awarded a Rs 542.37 crore design-and-build contract by a public technical institute to deliver fast-track composite steel and reinforced concrete buildings. The contract scope covers design, drawings, finishing works, and water supply and sanitary installations, and is framed to meet accelerated construction timelines. Legally, the agreement will allocate responsibilities for design liability, performance standards, completion deadlines, payment terms, and defects rectification; it may trigger regulatory approvals, construction compliance obligations, and potential liquidated damages or termination rights for delay or nonperformance.