MANMOHAN SINGH, J.

1. The petitioner has filed the objections under Section 34 of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as the “Act”) for setting aside the impugned award dated 26th June, 2015.

2. The admitted and relevant facts of the case are that the petitioner and the respondent entered into a contract dated 28th February, 2009 for provision of OTM Accommodation for CASD at Delhi Cantt-10, CA No.CEDZ-27 of 2008-09 (hereinafter referred to as the 'contract').

2.1 The estimated contract price was for an amount of Rs.6,20,75,026.71/-.

2.2 The period of completion of the work was 15 months; with the scheduled date of start of the work being 14th March, 2009 and the scheduled date of completion being 13th June, 2010.

2.3 The period of completion of the work was subsequently extended by the respondent and the work was actually completed on 21st February, 2012.

2.4 Certain disputes and differences arose between the parties during the execution of the work.

2.5 In terms of the conditions of the contract entered into between the parties, the Engineer-in-Chief, Army HQ, New Delhi vide letter No.23600/WC/895/07/E8 dated 5th March, 2013 appointed a serving