Thursday, July 27, 2000
fesub.gif (4328 bytes)
Full Story
 Intel IT update
fe.gif (834 bytes)
India's first e-business paper
flnews.gif (5153 bytes)
Search FE
-
Download
BSE Quotes
NSE Quotes
-
Think Tank
This week we focus on a complete analysis of the
india’s external debt industry
-
 

Bid evaluation time for national highway contracts reduced 

Veeshal Bakshi  
New Delhi, July 26: In a bid to speed up award of contracts for national highways, the surface transport ministry has decided to reduce the time period for evaluation of bids and award of contracts from 120 days to 40 days.

Surface transport minister, Rajnath Singh has accepted the recommendations of the committee set up to simplify bid evaluation procedure.

The implementation of the recommendations will streamline the bidding procedure, according to a government statement issued here on Wednesday.

The new procedure, to be implemented with immediate effect, will be followed by all national highways works implemented by National Highways Authority of India (NHAI).

The state public works departments will also be requested to follow suit.Singh said the speeding up of the process and introduction of greater transparency would give impetus to the Prime Minister's north-south-east-west national corridor project.

Bid for projects will now be split into two - technical and financial - both of which would be submitted by bidders simultaneously in separate sealed covers. The technical bid envelope containing the bid security and other necessary information will be opened first. The bid will be examined and evaluated further only if the security is appropriate. If it is not, the entire bid, both technical and financial, will be returned to the bidder unopened.

The bidders will be given an opportunity to correct the rectifiable defects during the examination of the bids after which a final bid of responsive bidders will be drawn up.

Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.

- Lead Stories | Corporate | Infrastructure | Commodities | Economy/Finance | BSE Today | NSE/ Markets | Strategy | Convergence | After Hours top.gif (150 bytes)Top
flame.jpg (1068 bytes) © Copyright 1999: Indian Express Newspaper(Bombay) Ltd. All rights reserved throughout the world.
This entire edition is compiled in Mumbai by The Indian Express Online Media Limited, a division of
The Indian Express Group of Newspapers. Managed by The Indian Express Online Media Limited and hosted by CerfNet.