The new company which would be hired in its place would have to deliver on time or pay a penalty.
The NDMC, the smallest of the civic agencies in the national capital, also wants to provide a central air-condition system in the British-built Connaught Place in the name of the first Duke of Connaught.
Shrivastava said he disliked the air-conditioning machines jutting out of windows of shops. "We can have a centralized cooling system," he said.