Single bid for national highway projects will be acceptable: Morth

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Single bid for national highway projects will be acceptable: Morth - Business Standard

Quick Summary:

"Even when only one bid is submitted, the process should be considered valid, provided the procurement was satisfactory advertised and sufficient time was given for submission of bids, the qualification criteria were not restrictive and prices are reasonable in comparison to market value, " it said.

Regarding reasonableness of the prices, the circular said the evaluation committee may examine the rates taking into consideration the comparison with the similar contracts awarded elsewhere.

The purchase price of similar contracts may be updated taking into consideration inflation during the interim period, geographical conditions etc, it added.