Govt tightens procurement rules, mandates scrutiny of bids 30% below estimated cost
Government agencies must now examine bids quoted over 30 percent below estimated costs to avoid quality issues. This new rule requires bidders to provide explanations for unusually low offers to assess viability. Agencies will still evaluate each case individually rather than automatically reject these bids. The finance ministry aims to enhance transparency and uniformity in the procurement…
We haven't written up this one. Times of India has the full story — the link below goes straight to it.
